The international bus meta-search-engine CheckMyBus raises 7-digit funding
Nuremberg, July 05, 2016 – CheckMyBus, the leading meta-search-engine for intercity buses, announces a substantial funding round backed by HOWZAT Partners, business angels Dr. Cornelius Boersch and Bernd Dietel (all members of ANGELGATE) and the founders.
The investment will allow CheckMyBus to further accelerate international growth, expansion of bus connections as well as the company’s global brand position.
The $70 billion bus market still processes about 90% of all bookings offline. During the last few years however there has been a constant transition towards the digital world with significant growth rates fostered by the liberalization of EU markets and the improvement of products. With real time price and availability comparison as well as an offer of over 3 million weekly bus departures, CheckMyBus simplifies the user’s customer journey and supports the online transition of the bus market.
“We believe that online sales for intercity bus travel will show extraordinary growth in the coming years, driven also by the offer of meta-search-engines like us. The support of the new investors puts us in a strong position to take full advantage of this growth potential”, says Marc Hofmann, CEO of CheckMyBus.
Sascha Hausmann, Partner at HOWZAT and former early stage investor in trivago explains: “With great scalability and superior content for users, meta-search is predicted to become an equal success story in the bus market comparable to what we have seen for hotels or flights.”
Dr. Cornelius Boersch, who has supported more than 200 companies as business angel, comments: “CheckMyBus has shown an impressive speed going international with a high quality product and a clear benefit for users and bus operators alike.”
The leading international bus search engine CheckMyBus shows real-time schedules and prices for more than 50 countries. With more than 300 bus operators and millions of weekly departures CheckMyBus gives the user access to the world’s largest virtual bus network. More information: www.checkmybus.com
About the investors
HOWZAT Partners is a London and Luxembourg based Venture Capital Investor with an international portfolio. Founded in 2006, the fund focuses on investments in digital start-up companies between the early Seed to Series A phase. For further information on the fund, its managers and a current list of investments please refer to www.howzatpartners.com.
Dr. Cornelius Boersch has been a passionate entrepreneur, investor and founder of numerous technology companies for the past 25 years.
ANGELGATE, based in St. Gallen, Switzerland is a club of experienced business angels and entrepreneurs investing in scalable business models who have shown first proof of concept. More information: www.angelgate.ch