In the News
July 10, 2014 - Washington Business Journal - When Internet technology met travel, their first date was in the air. Expedia, Priceline and others upset the airlines' apple cart with online ticket sales. Trains, hotels and rental cars quickly followed suit. Recently, Uber, Lyft and others have started disrupting the taxicab industry with technology. Now, high-tech is ready to revolutionize bus travel. Who better to do it than D.C.-based Revolution?
July 9, 2014 - WSJ.D - Busbud Inc. has raised $9 million in new venture funding to become the mobile app of choice for world travelers who need to find and book intercity trips by bus. Plenty of travel tech ventures have sprouted up over the years, but most have helped shoppers to find and buy higher-priced services like hotel rooms, plane tickets or rental cars, said Busbud co-founder and Chief Executive LP Maurice. Revolution Ventures and OMERS Ventures led the Series A investment in Busbud, joined by the company’s earlier, seed backers iNovia Capital and Real Ventures. Busbud raised $1.2 million in seed funding in May 2013.
July 9, 2014 - The Washington Post - District-based investment firm Revolution said Wednesday it is putting money behind an online portal where globe-trotters can peruse bus schedules and purchase bus tickets to cities such as Munich, Rio de Janeiro and San Francisco. The $9 million investment in Montreal-based Busbud was co-led by Revolution and the Ontario Municipal Employees Retirement System, a Canadian pension fund. Previous investors in the company contributed to the round as well.
July 9, 2014 - TechCrunch - Global coach travel-booking platform Busbud has closed a $9 million Series A funding round co-led by Omers Ventures and Revolution Ventures. iNovia Capital and Real Ventures also participated — having co-led Busbud’s prior round of $1.2 million back in May 2013. At the time of that seed round we described Busbud as a ‘Kayak for intercity bus travel’.
July 9, 2014 - Reuters peHUB - According to a blog post on its site, Busbud has raised $9 million in Series A funding. OMER Ventures and Revolution Ventures led the round with participation from iNovia Capital and Real Ventures. Based in Montreal, Busbud helps users book bus travel. To read the announcement, visit here.
July 9, 2014 - Tech Cocktail - The bus booking platform Busbud announced this morning that it has closed a $9 million Series A round of funding. The round was co-led by Revolution Ventures and OMERS Ventures. Other participants in the round included iNovia Capital and Real Ventures, both of which led Busbud’s $1.2 million seed round back in May 2013. “Busbud solves a real problem for international travelers looking to find the best way to get from point A to B,” said David Golden, managing partner at Revolution Ventures.
July 9, 2014 - VentureBeat - Montreal-based bus-ticket booking company Busbud has pulled in $9 million in a Series A round of funding, it announced today. Busbud allows travelers to find bus operators in their area and buy tickets through Busbud.com or its free mobile app. LP Maurice, a Harvard Business School graduate, came up with the idea for Busbud in 2011 and started the business with friends Mike Gradek and Frederic Thouin. The funding round was led by OMERS Ventures and Revolution Ventures, venture capital investment firms.
July 2, 2014 - Entrepreneur - Let’s face it, tech startups are today’s media and investor darlings. Companies like Uber, Lyft, Airbnb, and Coin are continuing to scale and dominate headlines. Overlooked by many, though, is a crop of consumer product startups, innovating under the radar well outside the tech ecosystem, that is equally deserving of both capital and media attention. Only 4 percent of total venture capital in 2013 went to investments in consumer according to Pricewaterhouse Coopers’ and the National Venture Capital Association’s MoneyTree Report, flat from the year prior. There may be change in the wind as investors start to feel tech fatigue and follow the lead of some of tech’s royalty.
June 30, 2014 - PandoDaily - The Nashville fireside chat is a far cry from its Rise of the Rest tour predecessors. The audience sits in a pristine carpeted room, on the 28th floor of a corporate sky rise, looking out through wall to ceiling windows on the greenery of the city. In the distance, the Titans football stadium looms. Prior fireside chats had taken place in scrappy refurnished warehouses and little enclaves off of accelerator buildings. Likewise, the Nashville crowd couldn’t be more different from their Cincinnati, Pittsburgh, and Detroit counterparts. In the previous cities’ fireside chats, the founders were there in droves, soaking up all the knowledge they could glean from Case’s pep-talk-cum-advisory-sessions.
June 30, 2014 - Bloomberg TV - AOL Founder Steve Case visits Detroit to begin his "Rise of the Rest Road Trip," a tour to celebrate startups and accelerate investment in four cities not widely known as hubs of innovation. Bloomberg's Betty Liu joins Case and also speaks with Quicken Loans Chairman Dan Gilbert about Detroit's economic outlook.
June 27, 2014 - PandoDaily - It’s fitting that of all the stops on Steve Case’s Rise of the Rest tour, the U.S. Secretary of Commerce chose to join up in Cincinnati. It is, after all, a place where corporate America meets the startup world. The two converge, clash, cooperate, compete, help each other, hurt each other, and generally exist in a fucked up synergistic relationship. They represent both sides of America’s economic past and future, and as we covered, Penny Pritzker was there taking it all in. (In case you missed it, here’s our rundown on the Detroit and Pittsburgh stops).
June 27, 2014 - Fox Business Risk & Reward with Deirdre Bolton - Revolution founder and former AOL CEO Steve Case on encouraging entrepreneurship across America.