CheckMyBus
Latest round
- Series A
Last raised
- Jul 2018
Total raised
- $1.6M
Investors
- 3
About CheckMyBus
Founded in 2013 and headquartered in Nuremberg, Germany, CheckMyBus GmbH provides a platform that allows users to compare bus routes. The company was co-founded by Heinz Raufer and Torsten Sturm, and Marc Hofmann currently serves as CEO.CheckMyBus operates as a comprehensive online platform for booking intercity bus tickets, catering to a diverse clientele that includes individual travelers, groups, and tourists. The core service enables users to search for and compare bus routes offered by thousands of bus companies, facilitating access to millions of bus routes across more than 80 countries. This service addresses the need for efficient and cost-effective travel solutions, allowing users to compare attributes such as departure and arrival times, travel duration, and ticket prices, thereby optimizing their travel experience according to personal preferences.Revenue generation for CheckMyBus primarily stems from affiliate partnerships with bus companies and ticket retailers, which are pivotal in facilitating the ticket purchasing process. The business model is structured around a commission-based system, where CheckMyBus receives a fee for directing customers to partner websites for ticket purchases. Transactions typically occur when users select a bus route on the CheckMyBus platform, leading them to the respective bus company’s site to complete their booking. This approach allows for diverse pricing strategies, where each partner bus company sets its own fares based on route, demand, and service level. The company aims to introduce new product features that will improve user experience on their platform and is actively exploring opportunities to enter additional markets in Europe and Asia by 2022.
Who invested in CheckMyBus
3 investors across 1 round
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Funding rounds
Series A
Jul 31, 2018
Amount
$1.6M
Investors
Questions about CheckMyBus
Who invested in CheckMyBus?
CheckMyBus has 3 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has CheckMyBus raised?
CheckMyBus has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did CheckMyBus last raise money?
CheckMyBus's most recent round on record is a Series A, in Jul 2018.
What does CheckMyBus do?
Founded in 2013 and headquartered in Nuremberg, Germany, CheckMyBus GmbH provides a platform that allows users to compare bus routes.
Where is CheckMyBus headquartered?
CheckMyBus is headquartered in Nuremberg, Germany.
Which VCs invest in companies like CheckMyBus?
Among active investors with capital left to deploy, Index Ventures, Forbion, European Investment Bank and Highland Europe back internet companies at CheckMyBus's stage. Their profiles are linked below.
VCs backing internet startups at Series A
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