Omio secures $120 million debt facility

Berlin-based travel booking platform Omio has secured a $120 million debt facility last month from Hercules Capital, bringing its total funding to $596 million.

The funds will fuel its mergers and acquisitions strategy as the company looks to expand its market presence.

After achieving profitability for the first time last year, Omio plans to enter Southeast Asia in early 2025, marking a significant milestone in its growth.

Omio also offers Omio Flex, a “cancel for any reason” insurance policy for train, bus, and ferry tickets, provided by Companjon.