CheckMyBus, the long-distance bus metasearch platform, has received Series A funding of $1.4 million.
The round was led by Marchmont Ventures, a company co-founded by Momondo Group’s former CEO Hugo Burge and former CFO Alan Martin.
The Germany-based CheckMyBus received a seven-figure funding round about two years from HOWZAT Partners, AngelGate and angel investors.
The company was founded in 2013 and enables users to compare bus options as well as choose airport shuttles.
It plans to invest the funds in product and marketing to help accelerate its growth. CheckMyBus says that with more than 90% of bookings for buses still completed offline, bringing the segment online brings huge potential for growth and the opportunity to improve the experience for consumers.
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Commenting on the investment, Burge says: "CheckMyBus has managed to become a global player in the bus market in a very short time with a small team and impressive and growing international footprint.
"We believe there is huge untapped potential in this area and like the purpose that the team holds dear. Ground transportation, and especially buses, are a new frontier for innovation."