FromAtoB gains seven-figure Series A funding to expand reach in international and mobile markets

November 27
9:13 AM 2013

FromAtoB, based out of Munich, recently closed a Series A funding round raising a seven-figure investment fund. The multimodal journey planner startup operates under a less catchy name and is focused on its home market in Germany. Investors who have participated in the round were French venture capital firm Seventure Partners and Chief Executive Officier of Ecommerce Alliance Daniel Wild, who is also a shareholder of Tiburon. Before obtaining a Series A funding, fromAtoB was able to raise a six-figure seed funding in 2009 from business angels that include x MD of Rocket Internet, now MD of Project-A Dr. Florian Heinemann, with the additional support of the German government.

FromAtoB's platform allows traveller to find the most affordable and quickest route to go from one point to another point. According to a report by TechCrunch, the German startup had already break even, thanks largely to affiliate commissions with transport provider partners, display advertising and cross-selling. Managing Director Dr Johannes Graßmann pointed out, however, that their operations cash flow plus its new funding will be geared towards international carriers integration, especially in the long distance bus and rail sectors. The company is also leaning into a mobile version of its platform in the future, aside from expanding outside Germany.

Said Graßmann, "We will, for the first time, spend money on marketing measures to further promote the service under the brand fromAtoB...With the money from the investment we have planned to penetrate 10 core markets. That are basically the most relevant markets in Europe plus U.S." Graßmann said the platform's largest foreign markets are Austria, Switzerland, France and Italy.

Graßmann admits that there is much to be done in order to cover a whole gamut of transport modes. "We have a worldwide coverage with flights and basically EU with rail and ride share. Concerning long distance buses as of today we are covering a couple of EU countries, among them Germany and France."

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