80 million US dollars for Omio

The travel platform intends to use the new capital to expand globally and enter into new strategic partnerships.

The Berlin-based travel platform Omio raises 80 million US dollars in financing. Lazard Asset Management, Stack Capital Group, NEA, Temasek and funds managed by Goldman Sachs Asset Management are investing. Omio intends to use the newly raised capital to expand and acquire other companies. The travel platform also plans to enter into new strategic partnerships and expand its global transportation network.

"This funding from a strong group of investors after more than two tough years underlines the enormous potential of our business model and our belief that the human need to travel is unwavering," says CEO and founder Naren Shaam. He founded the travel company in 2013 as Goeuro and renamed it Omio in 2019. According to the company, it employs more than 300 people from 50 different countries in offices in Berlin, Prague, Melbourne and London. A financing round of 100 million US dollars was last announced in August 2020.

After two years of uncertainty, travel and booking figures are now at record levels. The start-up states that sales have more than doubled to pre-pandemic levels due to the increasing demand for travel.