Travel tech Start-Up Bookaway Secures USD 46 million in Investor Funding

Start-up in travel technology Bookaway has secured USD46 million in venture capital from Aleph, Corner Ventures, and Entrée Capital to establish the Bookaway Group, which will bring together ground and sea transportation companies from across the world.

The group has collaborated to digitalize the USD 157 billion sector, where 95% of activities remain offline (local buses, trains, ferries.) As a result, local suppliers can connect and reach even more travelers by offering an online platform for up-to-date information, reviews, and booking while increasing access to every part of the globe (over 100,000 routes and counting).

Getbybus, known for providing tens of thousands of routes in and around the Balkans and Western Europe, is the first to join the Bookaway Group, followed by 12Go, which has the biggest network of local transport choices in and around South East Asia. The Bookaway Group, in collaboration with Bookaway, provides access to more than 100,000 transit routes, user evaluations, and round-the-clock assistance in 14,600 locations across 80 countries.

The Bookaway Group aims to bridge the global gap between travelers and local transportation providers, allowing travelers to discover and book transportation options anywhere in the world, regardless of the language they speak or how remote the location is.

Bookaway has grown from a tiny Tel Aviv start-up to one of the world's top ground transportation companies in less than four years, with plans to expand further in the United States, China, and Latin America.

Since 2018, Bookaway has secured USD 35 million in Series B funding to establish the Bookaway Group, following USD 11 million in Seed and Series A funding. Aleph, a major Israeli investor, has been a loyal supporter since 2019.