Distribusion Technologies, a leading distribution system for intercity and shuttle bus products, announces it has raised € 6 million in funding from international investors Northzone, Creandum and HR Ventures. Existing seed investor also joined this financing round.
The fresh capital will be used to accelerate the product and technology development and to ramp up the acquisition and integration of new bus operators and resellers. In addition, Distribusion will 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, the teams in Berlin and Bonn will be tripled by the end of 2016.
Make booking an intercity bus ticket as easy as booking a flight. This is the vision of the B2B travel tech startup Distribusion. Having increased its portfolio fivefold in the last 6 months, Distribusion now provides 2 million bookable rides of more than 60 bus operators in 25 countries. This makes the company, which was founded in 2012, the largest distribution platform for intercity bus rides.
With its new technology, Distribusion enables intercity and shuttle bus operators for the first time to connect to a wide-ranging worldwide reseller network of travel websites, OTAs, travel agencies mobility apps. In doing so, bus operators lower their partnership management costs and increase ticket sales at the same time. Meanwhile resellers benefit from getting extensive bus products through a single system.
Founder and CEO Julian Hauck explains: “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.”
Tim He, Principal at Northzone comments: “Distribusion is revolutionizing intercity bus travel. With their innovative technology and business model serving both bus operators and travel agents, they are in a strong position to take on the fragmented intercity bus market globally. I have been hugely impressed with what they have achieved to date, and I am delighted to be partnering with their ambitious management team.”