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Lakestar invests millions in Berlin-based travel planning platform GoEuro

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January 23
7:12 AM 2014

European travel startup GoEuro has received a multi-million dollar investment in a post-seed funding round from Lakestar, according to TechCrunch.

The most recent round comes after a $4-million seed round in March last year. Hasso Plattner Ventures and Battery Ventures led the seed financing, the report detailed.

Last May, GoEuro launched a service to its German and British users, the report added.

The platform presently provides transport data such as plane, coach, train, and car timetable data for its markets in the UK, Germany and Spain. The Berlin-based startup plans to expand its market footprint to seven this year. According to chief executive officer (CEO) Naren Shaam, the company is targeting Western Europe markets for its expansion, the report said.

The GoEuro platform does not include booking in its services as of now. However the firm wants to add that in the future. The company's service presently covers 8.500 bus stations, 150 airports, 12,900 rail stations, and almost 23,000 other locations in its three existing markets, TechCrunch reported.

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