FlixMobility Raises $561 Million for Intercity Travel: Travel Startup Funding This Week

This week travel startups announced more than $650 million in funding. >>FlixMobility, a Germany company that has run FlixBus intercity buses since 2013 and FlixTrain rail service on select European routes since 2018, has raised $561 million in a Series F round. TCV and Permira led the round. Holtzbrinck Ventures and the European Investment Bank also participated. Past investors have included General Atlantic, Silver Lake, and carmaker Daimler. The company claims to be profitable in some of its markets. In Europe it has made gains against state-owned and state-favored operators thanks to deregulation since 2016. FlixBus has begun to compete in the U.S. on select long-distance routes with Greyhound, as Skift has reported. The company plans further international expansion. FlixMobilty has sold more than 100 million tickets via its Uber-like mobile app not only for its services but also for local transit, the company said. >>TurnKey Vacation Rentals, a vacation rental prop