Busbud Raises $11 Million Series B, Positioning World’s Largest Bus Travel Marketplace for Accelerated Global Growth
Busbud, the online marketplace that enables global travelers to shop for and book intercity bus tickets on over 1.4 million bus routes worldwide, today announced the close of US$11 million in series B funding (approximately CAD$14 million). The round is led by iNovia Capital and includes new investors Teralys, Claridge and Plaza Ventures, as well as Real Ventures. The capital will be used to fuel technology development, further grow the team and accelerate geographic expansion.
The trio of iNovia, Claridge and Teralys, who had previously teamed up to back Luxury Retreats, a high-end vacation rental marketplace that was acquired by Airbnb in February 2017, are reuniting for Busbud’s B-Round. Joe Poulin, founder and CEO of Luxury Retreats, and Peter Kern, director of Expedia and Managing Partner of InterMedia Partners, were also angel investors in Busbud.