Berlin-based Distribusion, a B2B ground transport marketplace, announced on Thursday that it has secured $80M (approximately €71.7M) in an oversubscribed Series C funding round.
The round was led by TQ Ventures, with super pro-rata participation from existing investor Lightrock.
The German company will use the funds to accelerate global expansion and invest in technology for advanced retailing capabilities for its 2,000+ carriers and retailers and the millions of travellers they serve.
Dr. Thomas Doering, CEO of Distribusion, comments, ”With only 10 per cent of the world’s population having access to private vehicles, we already see infrastructure stretched and environmental exhaustion, getting mass transport right for the future is imperative. We need to change the way we deliver mass transport. Distribusion has proven it can play a crucial role in driving accessibility worldwide.”
Distribusion: Providing access to ground transportation
Led by Dr. Thomas Doering, Distribusion is the technology platform providing access to ground transportation worldwide, enabling a better travel experience.
The German company connects thousands of bus, rail, ferry, and public transport providers worldwide to a global network of travel retailers including Google, Booking.com, Alipay, Trainline, and Amadeus.
Ground transportation spans all scheduled mass transport from bus, rail, and ferry, to public transport.
The company operates globally with a presence in 70 markets, with the majority now outside Europe.
The German company has the largest rail portfolio, covering all major European rail carriers from Deutsche Bahn and SNCF to Trenitalia, major global players like Amtrak and Brightline in the US, and in Asia with the likes of Indonesian and Vietnam Rail.
On the distribution side, Distribusion holds established partnerships with the dominant names in travel such as Google, Booking.com, and Alipay, to name a few.
Distribusion helps carriers reach millions of new customers and improve sales by providing advanced retail tools for managing offers and ancillaries to achieve market-beating margins.
The investor
TQ Ventures is a venture capital firm that focuses on partnering with exceptional founders in the software industry (B2B and B2C).
Founded in 2018, TQ has approximately $1B under management and is currently investing out of its third fund.
Schuster Tanger, Co-Managing Partner at TQ Ventures, comments, “We have followed and greatly admired Distribusion for over two years now. Thomas and the team have built a product- the first company spearheading technology innovation in ground transportation with durable competitive advantages. Distribusion is highly regarded by its partners for the value it creates. We are thrilled to provide the business with the capital to build the category champion and revolutionise ground transportation”.
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