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NEA leads $27m Series A for one-stop travel site GoEuro

27 Aug 2014

train-station-546723-mGlobal venture capital firm New Enterprise Associates has laid down the biggest chunk of cash in a $27m Series A funding round for one-stop online travel platform GoEuro.

Battery Ventures, Hasso Plattner Ventures and Lakestar also re-upped in the latest financing round.

GoEuro’s platform encompasses rail, bus and air-travel data to allow its users to access and compare all the options available.

The company aims to eliminate the need for people to visit multiple websites to plan their trip.

NEA general partner Forest Baskett said, “By delivering a beautifully simple solution to a highly complex technology problem, GoEuro is rapidly gaining traction in a market that is ripe for transformation.

“Addressing the €200bn-plus European travel market is an enormous opportunity, and NEA is thrilled to partner with GoEuro as the company expands its platform across Western Europe and to the international travel community.”

GoEuro currently operates in seven countries including Germany, UK, Spain and Luxembourg, covering more than 20,000 railway stations and 207 airports.

NEA helped to more than quadruple outside funding for open source web software developer Nginx after leading a $10m Series B round for the company last October.

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