Berlin-based travel booking startup GoEuro, which offers ground and air travel tickets in 36 countries, raises $150M led by Kinnevik AB and Temasek
Andrii Degeler / Tech.eu :
Context & Ripple Effects
This is the third big check in GoEuro's climb up the funding ladder: after a $45M Series B led by Goldman Sachs in late 2015 and a $70M round led by Silver Lake Kraftwerk and Kleiner Perkins a year later, the Berlin multimodal booking platform now pulls in $150M from Kinnevik AB and Singapore's Temasek. The investor mix is the signal — a Nordic growth backer plus a state-owned fund stepping into a European consumer travel asset at scale.
The company covered here under the GoEuro name was later profiled as Omio, its rebranded successor with nearly $300M raised, which makes this 2018 round the bridge between the search-engine-era startup and the consolidated booking platform it became.
First-order effects
- GoEuro gets a war chest to deepen ticket inventory across its 36 countries, with Kinnevik and Temasek replacing Goldman Sachs and Silver Lake Kraftwerk as lead validators of the multimodal model.
Second-order effects
- Temasek's entry gives the company a Southeast Asia-connected backer at exactly the moment regional digital-economy spending is compounding, opening a geographic option beyond Europe; rival Berlin travel platforms like GetYourGuide face a better-capitalized neighbor competing for the same traveler wallet.
Third-order effects
- Large sovereign and cross-border growth money flowing into European travel booking points toward sector consolidation — a pattern that held when Omio later raised again and explicitly eyed M&A opportunities in the space.
The trend: European multimodal travel booking is consolidating around heavily capitalized Berlin platforms, with global growth investors rather than local VCs setting the pace.