# CheckMyBus

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/checkmybus

- Industry: Internet
- Headquarters: Nuremberg, Germany
- Website: www.checkmybus.com
- Total disclosed funding: $1.6M
- Latest round: Series A (Jul 31, 2018)
- Investors on record: 3

## About

CheckMyBus GmbH operates a robust online platform for booking intercity bus tickets, enabling users to search and compare routes across thousands of bus companies in over 80 countries, enhancing travel accessibility and efficiency.Founded in 2013 and headquartered in Nuremberg, Germany, CheckMyBus GmbH provides a platform that allows users to compare bus routes. The company has completed four funding deals, with the latest being a Series A round on October 24, 2019, which raised EUR 1.4 mn led by Marchmont Ventures. The company was co-founded by Heinz Raufer and Torsten Sturm, and Marc Hofmann currently serves as CEO. The total amount raised by CheckMyBus is EUR 1.4 mn, with a current company valuation of EUR 9.74 mn.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. The platform is designed for a global market, with significant presence in regions such as North America, Europe, and parts of Asia, serving customers who seek affordable travel options to major cities and popular destinations.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 platform's flexibility and extensive coverage enable it to cater to a wide range of end-users seeking affordable travel solutions, making bus travel more accessible and streamlined across various regions.CheckMyBus plans to utilize the recent funding secured during the Series A round in October 2019, led by Marchmont Ventures, to enhance its service offerings and expand its geographical presence. 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.

## Funding rounds

- Series A, Jul 31, 2018, $1.6M — HOWZAT Partners, Marchmont Ventures, ANGELGATE / Club Deal AG

## Investors

- HOWZAT Partners (https://capitalatlas.ai/funds/howzat-partners) — Series A
- Marchmont Ventures — Series A
- ANGELGATE / Club Deal AG — Series A