FlixMobility extends Series F at $2B+ valuation as it gears up to add cars to its bus and train network
Back in July it emerged that FlixMobility — the company behind the network of ubiquitous green FlixBus coaches that crisscross Europe and parts of the U.S. — had raised about €500 million in the largest-ever round of funding for a German tech company. That turned out not to be the full story. Today, the company is announcing that the round has now been extended substantially, according to founder and CEO Jochen Engert, with contributions from a new set of investors: Baillie Gifford, Luxor Capital Group and Odyssey 44, with additional investment provided through funds managed by BlackRock.
Engert said FlixMobility will be using the money to “move on from a business perspective” (I don’t think he meant it as a pun, but it’s a good one), and that means growth in a number of ways. They include expanding into new markets in South America and Asia and further into the U.S.; bringing trains onto its network by way of FlixTrain; launching a new group-focused service, FlixBus Charter; and, by next year, starting up a long-distance ridesharing brand, FlixCar. It’s also been working on a smaller “pilot” project, Flix2Fly, to consider how to bring some air routes into the mix,