Investment

Israeli travel tech startup Bookaway raises $35 million

© Bookaway

Bookaway, an Israeli travel startup, raised $35 million a Series B funding round, led by Israeli VC company Aleph with participation from Corner Ventures, Entrée Capital, and a group of angel investors led by Elad Kushnir, COO of Huuuge Games.

The project was founded in 2017 in Tel Aviv with the idea to assist travelers with transportation and help them search, compare and find the best bus, ferry, and train tickets around the world. Currently, Bookaway is available in Eastern Europe, the Balkans, Asia, Latin and Central America, and the team plans on expanding into the North American and Chinese markets.

Currently, 95% of the ground transportation industry is offline, meaning travelers waste precious time and money trying to navigate their journey on the ground, having booked their flights, hotel, and experiences online. Local transport suppliers are being left behind by the rest of the travel industry,” said Noam Toister, CEO and co-founder of Bookaway for nocammels.

Recently Getbybus and 12Go joined Bookaway Group, allowing the company to grow further and access to more than 100,000 transportation routes in Europe and Southeast Asia.

 

Disclaimer: In the warm summer days of August 2021, Trending Topics SEE will pay special attention to the topic of Tourism & Hospitality. We want to introduce the brightest SEE projects, startups, and entrepreneurs in the industry. Read more stories or share yours here

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