Distribusion, a German startup that helps people to buy intercity bus tickets more efficiently, has announced that they have picked up 6 million Euro in funding from a group of investors that includes Northzone, Creandum, and HR Ventures, as well as current investor Fruhphasenfonds Brandenburg and “industry-specific” angels. Although the startup has not gone into specifics in the past about the amount of funding that they have raised, we know that this is not the first time that they have pulled in “seven figures” from outside backers.
With this latest backing, the startup intends to accelerate product and technology development, increase integration with and acquisition of new bus operators and resellers, and to expand its geographic focus, first in Europe, and then in South America and southeast Asia. In order to support this expansion, the company has also announced that they will be tripling the size of their staff in Berlin and Bonn.
We have written about them a couple of times within the past year, so it seems redundant to explore the idea behind the startup again. At the time, however, we did not include anything about the startup’s traction, but can now see that they claim partnerships with 165 bus operators and 4,000 travel agencies, giving them an online reach of 10 million people. The company further states that it has increased its portfolio fivefold in the past 6 months.