Travel booking platform Omio raises USD 100 mln

Wednesday 19 August 2020 11:11 CET | News

 Omio has secured USD 100 million in investments from existing and new investors including Temasek, Kinnevik, Goldman Sachs Asset Management L.P., NEA, and Kleiner Perkins.

The funding will allow Omio to pursue its vision of unifying global transport with end-to-end consumer experiences. The investments will be directed at fueling continued organic growth and M&A activities, with the aim of strengthening the company's product and service offering: all transport options (including rail, bus, flights, ferries, rental cars, and car sharing) diversified across 37 countries in Europe and North America under the Omio brand, combined with global reach through the planning engine Rome2Rio, which offers search and discovery of transport to and from more than 10 million locations worldwide.

Omio has experienced a stronger bounce-back in travel bookings than expected, driven by a clear change in consumer behaviour towards more ground transportation, combined with an accelerating shift towards app usage as consumers prefer to avoid kiosks and long queues.

Omio supported this shift by continuing to expand its services, through the launch of its Open Travel Index (OTI) to help travelers understand where they can travel to within Europe and North America.

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Keywords: Omio, travel booking platform, investments, Temasek, Kinnevik, Goldman Sachs Asset Management, NEA, Kleiner Perkins, travel bookings, Europe, North America, Open Travel Index
Categories: Payments & Commerce
Countries: World
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