Funding round
FlixBus Series G
FlixBus, which works in global bus travel services in Dallas, raised $650M in a Series G round announced on 2 Jun 2021, led by Canyon Partners, at a $3.00B post-money valuation. 9 firms took part, 8 of them already investors. It is FlixBus' third venture round on record; the one before was a Series F in Jul 2019.
$650M
Amount raised
$3.00B
Post-money valuation
$2.35B pre-money
9
Investors
1 lead
1.5x
Step-up from the Series F
$2.00B in Jul 2019
22%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced FlixBus at $3.00B after the new money, 1.5 times the $2.00B of its Series F (Jul 2019). The $650M bought investors about 22% of the company. It came 23 months after FlixBus' Series F. It is 53% of the $1.22B FlixBus has raised in the venture rounds on record. No later venture round is on record for FlixBus.
Investors
Who put money in
Canyon Partners led the round with 8 other firms. General Atlantic, Permira, Technology Crossover Ventures and HV Capital and 4 more had backed FlixBus before.
Lead investor
- backs 4 venture-backed companies new investor
Also in the round
- General Atlantic backs 134 venture-backed companies existing investor
- backs 21 venture-backed companies existing investor
- Technology Crossover Ventures backs 86 venture-backed companies existing investor
- HV Capital backs 124 venture-backed companies existing investor
- BlackRock existing investor
- Baillie Gifford existing investor
- Silver Lake backs 44 venture-backed companies existing investor
- FlixBus founders existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: Series G rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 2 Jun 2021 | $200M | $4.40B | Premji Invest and STEADFAST Capital Ventures |
| DataRobot Tech Companies | 27 Jul 2021 | $300M | $6.30B | Altimeter and Tiger Global |
| Moda Operandi Clothing Stores | 4 May 2021 | $100M | $699M | Apax Partners and New Enterprise Associates |
| Carta Tech Companies | 13 Aug 2021 | $500M | $7.40B | Silver Lake |
| Hopper Travel Agencies | 17 Aug 2021 | $175M | $3.50B | GPI Capital |
| Seismic Tech Companies | 16 Aug 2021 | $170M | $3.00B | Permira |
| Tech Companies | 7 Apr 2021 | $110M | $2.00B | Tiger Global |
| Databricks Tech Companies | 1 Feb 2021 | $1.00B | $28.00B | Franklin Templeton |
Sources
Where this comes from
Reported by 5 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did FlixBus raise in its Series G round?
FlixBus raised $650M in its Series G round, announced in Jun 2021.
Who led FlixBus' Series G round?
Canyon Partners led it, with General Atlantic, Permira, Technology Crossover Ventures, HV Capital and BlackRock and 3 more.
What was FlixBus' valuation at the Series G round?
$3.00B post-money ($2.35B pre-money).