What is Bookaway?
Founded in 2017 and headquartered in Tel Aviv, Israel, Bookaway operates as a leading budget travel service provider. The company specializes in facilitating fast, secure ground and sea transportation ticket bookings across numerous destinations, including Thailand, the Philippines, Myanmar, Vietnam, and Laos. Bookaway's platform aggregates schedules, fares, and information for a wide array of transport providers, such as buses, trains, and ferries, enabling users to reserve seats online. This focus on streamlining the booking process for budget travel has positioned Bookaway as a key player in its niche market.
How much funding has Bookaway raised?
Bookaway has raised a total of $80M across 3 funding rounds:
Series A
$10M
Series B
$35M
Series C
$35M
Series A (2020): $10M with participation from Aleph
Series B (2021): $35M led by Entrée Capital, Corner Ventures, and Aleph
Series C (2022): $35M supported by Entree Capital, Red Dot Capital Partners, Aleph Capital Partners, and Corner Ventures
Key Investors in Bookaway
Entree Capital
Entrée Capital backs founders building ambitious technology and product businesses. It partners with teams from the earliest stages through scale up, combining capital with practical guidance and global networks to help companies refine their strategy, grow with discipline and aim for lasting impact.
Red Dot Capital Partners
Red Dot Capital Partners is an investment firm that supports exceptional Israeli founders in building the next generation of global tech companies. They are the first to invest in startups that have reached product market fit and act as a primary gateway for these companies looking to expand into South East Asia and Japan. The firm boasts an interdisciplinary team with significant global experience, working collaboratively to enhance the success of their portfolio companies. Their passion for teamwork drives their commitment to supporting innovative startups.
Aleph Capital Partners
Aleph Capital Partners LLP is an independent investment firm based in London focussing on capital investments in European-based companies. Aleph works closely with management teams, shareholders and other stakeholders to create adaptable capital solutions aimed at delivering value growth over a period of years. Its approach to capital commitment and governance is tailored to the specific situation of each company it invests in and its capital commitment can range between 100 million and 400 million. Aleph was founded in 2013 by Hugues Lepic, formerly Head of the Merchant Banking Division and Head of the Principal Investment Area (PIA) of Goldman Sachs in EMEA.
What's next for Bookaway?
The recent major strategic investment, following its Series B and Series C funding rounds, indicates Bookaway is poised for significant scaling and market penetration. This capital will likely be directed towards enhancing its technological infrastructure, expanding its service offerings to new regions, and solidifying partnerships with transport operators. Bookaway's strategic financing suggests a focus on optimizing its platform for global reach and user experience, aiming to capture a larger share of the burgeoning online travel booking market.
See full Bookaway company page
