The Munich-based company fromAtoB GmbH has closed a seven-figure venture capital funding round in the form of expansion financing (Update – April 2023: The startup seems to be no longer in business under this website, and we therefore deactivated the original link). The investors in this round are the French venture capital firm Seventure Partners, as well as Daniel Wild via his investment company Tiburon.
Operating under the brands VerkehrsmittelVergleich and fromAtoB, fromAtoB GmbH offers a multi-modal search engine, which compares providers of all modes of transportation such as train, airplane, bus, car, ride share and taxi, as well as combining them together got the best route. All relevant European transportation providers (e.g. Deutsche Bahn, SNCF, Airberlin etc.) are taken into consideration so that users are able to find the fastest and cheapest connection from point A to B. The process is based on complex, self-learning software algorithms, highly specialised crawling, caching and routing technology, as well as 650,000 geo-coded, provider-specific stopping points. The search engine is available in 15 countries, has been translated into 11 languages, and is used by more than 2.6 million visitors per month.
“Unlike the competition, we at fromAtoB take into account a truly multi-modal search process, which does not merely compare, for instance, trains and flights, but rather considers the most current schedules for the entire range of transportation options, such as train, airplane, and taxi. The outstanding technology as well as the leading market position of fromAtoB have brought us as far as to invest”, explained Dr. Wolfgang Krause, Partner at Seventure Partners.
The new capital will be used in particular to expand their technological advantage, as well as to integrate more international transportation providers. Furthermore, the internationalisation of the fromAtoB brand will continue to be advanced. Beyond that, a mobile app will be developed to cater to evermore mobile-focused behaviour by target consumers. Last but not least, the injected capital will also be invested in marketing activities in order to continue to accelerate market penetration.
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