80 million US dollars for Omio
Janina Gerhardt
| 21.06.2022
The travel platform plans to use the new capital to expand globally and enter into new strategic partnerships.
Berlin-based travel platform Omio raises $80 million in funding. In the process, Lazard Asset Management, Stack Capital Group, NEA as well as Temasek and funds managed by Goldman Sachs Asset Management are investing. Omio plans to use the newly raised capital to expand and acquire other companies. The travel platform also plans to form new strategic partnerships and expand its global transportation network.
"This funding from a strong group of investors after more than two tough years underscores the tremendous potential of our business model, as well as 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 rebranded it as Omio in 2019. The company says it employs more than 300 people from 50 different countries in offices in Berlin, Prague, Melbourne and London. It last announced a $100 million funding round in August 2020.
After two years of uncertainty, travel and booking numbers would now be at record levels. The startup says that increased demand for travel has boosted revenue to more than double pre-pandemic levels.
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Startup
2012
Berlin
omio
Search engine that compares and combines multimodal transport modes such as rail, air, bus and car for European destinations.
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