FlixTrain raises funding for expansion in France and Sweden
INTERNATIONAL: FlixMobility has completed a Series F funding round co-led by growth equity firms TCV and Permira, with long-time investor HV Holtzbrinck Ventures also participating through a joint investment with the European Investment Bank.
In the rail sector, the company plans to use the equity raised to support the growth of its FlixTrain services in Germany and expansion into other EU countries in 2020; it has already applied for paths in France and Sweden.
FlixMobility also aims to grow its FlixBus operations in the USA, and to enter the South American and Asian coach markets. The launch of a FlixCar ride sharing platform to complement the existing FlixBus and FlixTrain networks is also planned for 2020.
The new investors join existing shareholders including General Atlantic and Silver Lake.