The Munich-based company fromAtoB GmbH has received seven-figure venture capital funding in the form of expansion financing. Investors are the French venture capital company Seventure Partners as well as Daniel Wild via hist investment company Tiburon.
Operating under the brands VerkehrsmittelVergleich and fromAtoB, fromAtoB GmbH offers a multimodal search engine, which compares providers of all modes of transportation such as train, airplane, bus, car, rideshare and taxi and combines them with one another. In the search process, all relevant European transportation providers (e.g. Deutsche Bahn, SNCF, Airberlin etc.) are considered. This way, users are able to find the fastest and cheapest connection from point A to B. The application is based on complex, self-learning software algorithms, highly specialized crawling, caching and routing technology as well as 650,000 geocoded, provider-specific stopping points. The search engine is available in 15 countries, 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 multimodal 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, about the decision.
The new capital will be used in particular to expand the technological advantage as well as to integrate more international transportation providers. Furthermore, the internationalization of the fromAtoB brand will continue to be advanced. Beyond that, a mobile app will be developed to cater to evermore mobile-focused behavior of target consumers. Last but not least, the injected capital will also be invested in marketing activities in order to continue to accelerate market penetration.