Startup BlaBlaCar Raises $115 Million for Long-Distance Carpooling and Bus Travel
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Despite the pandemic, BlaBlaCar served 50 million passengers in carpools or buses in 2020, which shows remarkable resilience. The French startup has aggressive plans to create a rail service, debut a travel booking app for travelers, and expand its bus network much farther outside of Europe.
BlaBlaCar, which offers both long-distance carpooling and intercity bus travel, said this week it had raised $115 million (€97 million) in fresh investment.
VNV Global led the round with this convertible note investment in the Paris-based startup. New participating investors included Otiva J/F AB FMZ Ventures. The startup has previously disclosed raising more than $443 million in venture capital since its founding
