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 the booking of ground and sea transportation tickets worldwide, covering destinations such as Thailand, the Philippines, Myanmar, Vietnam, Laos, and Bolivia. Bookaway offers users the ability to discover schedules, fares, and information, and to securely book tickets for low-cost buses, trains, and ferries, thereby simplifying travel arrangements for budget-conscious travelers.
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, Aleph, and Corner Ventures
Series C (2022): $35M supported by Red Dot Capital Partners, Corner Ventures, Aleph Capital Partners, and Entree Capital
Key Investors in Bookaway
Red Dot Capital Partners
Red Dot Capital Partners is an investment firm focused on supporting Israeli tech companies that have achieved product-market fit, acting as a gateway for expansion into Southeast Asia and Japan. Their interdisciplinary team provides global experience and collaborative support to portfolio companies.
Corner Ventures
Corner Ventures aims to build tomorrow's global champions and is in the process of launching its services, encouraging clients to sign up for updates on their innovative solutions.
Aleph Capital Partners
Aleph Capital Partners LLP is a London-based investment firm specializing in capital investments in European companies, working with management teams to create adaptable capital solutions for value growth over several years.
What's next for Bookaway?
The substantial enterprise-level funding indicates Bookaway is poised for significant scaling and market expansion. This strategic investment will likely fuel further development of its booking platform, enhance its global reach, and potentially lead to acquisitions or partnerships to solidify its market leadership. The company's focus on budget travel solutions positions it well to capitalize on evolving travel trends, particularly among younger demographics and independent travelers seeking convenient and affordable transportation options.
See full Bookaway company page
