The UVC Partners-backed bus and train service hiked its valuation to $3bn in a series G debt and equity round that will fund the expansion of its routes.
FlixMobility, the Germany-based public transport provider backed by UVC Partners, raised over $650m in debt and series G equity financing yesterday at a $3bn valuation.
Investment firm Canyon Partners joined existing investors including General Atlantic, Permira, TCV, HV Capital, Blackrock, Baillie Gifford and Silver Lake in the round.
Founded in 2013, FlixMobility runs an inter-city bus service called FlixBus which spans most of Europe and parts of the US, and which promises efficient onboard wifi and an easy-to-use online ticketing system.
The capital will support growth in FlixBus’s existing markets as well as the expansion of the company’s FlixTrain service in Germany and Sweden.
André Schwämmlein, founder and co-CEO of FlixMobility, said: “62 million passengers travelled with us in 2019, and this new funding will help us build on our success.
“We are confident in our ability to offer green mobility to even more people…
