Bus GDS Distribusion Technologies raises €6 million in funding

Bus GDS Distribusion Technologies has raised €6 million in funding from investors.

Bus GDS Distribusion Technologies has raised €6 million in funding from investors.

The funding, from Northzone, Creandum and HR Ventures, will be used to “accelerate the product and technology development and to ramp up the acquisition and integration of new bus operators and resellers”.

Existing seed investor Frühphasenfonds Brandenburg and industry-specific business angels complete the finance round.

Distribusion will also work to push market coverage across Europe and expand their business operations to the major intercity bus markets in South America and Southeast Asia.

For this purpose, its teams in Berlin and Bonn are anticipated to have been be tripled by the end of 2016.

Distribution provides two million bookable rides of more than 60 bus operators covering 25 countries to online resellers and travel agencies worldwide through an API as well as a booking system for travel agencies.

Founder and chief executive Julian Hauck said: “Considering the high interest in this round, with Creandum and Northzone we are excited to win two of Europe’s most successful investors for our mission.

“With their support, we will be able to grow our team and to roll out our GDS on a global scale.”

Alongside the venture firms, travel industry experts Thomas Döring, Chris Hitchen, Richard Chen, Bo Mattsson and Marc Mogalle are participating as business angels in the investment round.