Bookaway Group has raised a $35m Series C round to accelerate its mission to digitalise the $157 billion ground transportation industry.
Led by Red Dot Capital Partners with investment from Tel Aviv listed insurance giant Menorah and New York based Tenere Capital, the Series C brings the total raised so far to over $80m, with existing investors Aleph, Corner Ventures and Entrée Capital also participating in the round. Red Dot’s Managing Partner Barak Salomon will join Bookaway Group’s board.
The company is solving one of the last remaining problems in travel technology by making it as easy for travellers to search, shop, book and pay for ground transport as it is for flights or hotels.
