FlixMobility, a Germany-based travel services provider backed by carmaker Daimler, has added a “substantial” amount of funding to its series F round, which attracted an initial $561m last month, TechCrunch reported yesterday.
The additional funding, worth hundreds of millions of dollars according to TechCrunch estimates, was supplied by Baillie Gifford, Luxor Capital, Odyssey 44 and certain funds managed by BlackRock.
TCV and Permira co-led the $561m first close three weeks ago, with contributions from HV Holtzbrinck Ventures and European Investment Bank. The funding is being raised at a valuation of just over $2bn.
Founded in 2013, FlixMobility provides affordable long-distance travel services including a coach service dubbed FlixBus and a railway offering known as FlixTrain. It plans to launch a long-distance ride hailing platform called FlixCar and a group travel service, FlixBus Charter.
The company is also working on a pilot project for an airline offering, Flix2Fly. It does not own the majority of its fleet but instead partners smaller vehicle providers who are willing to rebrand their buses and trains.
The series F capital will go towards the development of FlixCar, FlixBus Charter and Flix2Fly. The money will also allow FlixMobility to expand into South America and Asia while strengthening its position in the US.
Daimler took part in a funding round of undisclosed size for the company in 2016 together with Silver Lake, General Atlantic and HV Holtzbrinck Ventures.
FlixMobility has kept details of its historical funding largely under wraps, though it did secure an unspecified amount in 2015 from General Atlantic and existing backers Holtzbrinck and UVC Partners, the venture capital firm affiliated with Technical University of Munich.
