Travel Booking App Omio Will Use Part of $100 Million in New Funding to Go Shopping for Acquisitions
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This investor backing will help Omio speed up its quest to become a global booking brand for so-called multi-modal-trip booking.
Travel booking app Omio said Wednesday it had raised $100 million (€83.7 million) in convertible debt from existing and new investors, such as Temasek, Kinnevik, Goldman Sachs, NEA, and Kleiner Perkins.
The Berlin-based company, which offers consumers multi-modal search for flights, trains, buses, ferries, car rentals, and other transportation, had previously raised $296 million in venture equity.
"We are very impressed how fast and effective Omio adapted to such an unprecedented crisis for the global travel industry," said Georgi Ganev, CEO of Kinnevik. "The management team has
