CatchThatBus, a mobile-first bus reservation service in Singapore and Malaysia, has raised a first round of angel funding.
The capital is coming via Jungle Ventures, National Research Foundation Holdings and unnamed angel investors.
The exact funding amount was not disclosed, but the company says the seed round will be followed by a series A round in early-2015.
The Malaysia-based company also provides online bus reservation service for charter trips.
The angel round fund will be used to expand sales and distribution channels in Malaysia and Singapore, recruit more bus operators and also to launch in another ASEAN country.
CatchThatBus estimates the intercity bus reservation market value (in Malaysia and Singapore alone) at in the region of $310 million.
Partner at Jungle Ventures, Amit Anand, says:
"It is a privilege to be associated with another exciting startup that is solving a hard problem in the Asia Pacific. The team has brought the entire intercity segment in Malaysia online and we are very excited about the prospects for the company."
Currently, the company serves "several thousand" tickets monthly, and it has plans to launch an iOS app in the last quarter of the year.
Founded in 2012 by Viren Doshi and Ashwin Jeyapalasingam, the company currently has 11 operators including Plusliner, Nice, Transnasional, Airport Coach, Intercity Express and Starmart Express.
It serves over 500 destinations throughout Singapore and Malaysia with a fleet of over 600 buses.
Jungle Ventures' other travel industry investment include Travelmob, the Asia-based vacation rental marketplace that was acquired by HomeAway.