Bookaway raises $35 million

Ground transportation platform Bookaway has raised $35 million in Series C funding. The investment was led by Red Dot Capital Partners with participation from Israeli insurance company Menora Mivtachim, Tenere Capital, and others.

Founded in 2017, the Tel Aviv-based startup is active in over 90 countries and 13,000 cities. The startup has completed four acquisitions over the past year and the group currently made up of, 12Go, GetByBus, and Plataforma 10. These consumer-facing brands allow travelers to book buses, private transfers, ferries, and trains in advance and online.

Aside from its D2C offering, Bookaway is looking to develop a B2B channel powered by APIs.

“Helping people to easily book buses, trains and ferries is travel’s final frontier and the prize is a slice of this enormous market. We expect to continue our acquisition strategy with a view to becoming the only player able to offer complete ground transport inventory globally. We complement acquisitions with an operating strategy that prioritizes organic growth in everything we do.” – Noam Toister, CEO of Bookaway.