Transport startups continue to attract big money as Busbud raises $9 million
Online metasearch service Busbud has raised $9 million in a Series A round co-led by OMERS Ventures and Revolution Ventures.
In May 2013 the Montreal-based bus search brand raised $1.2 million from investors including iNovia Capital and Real Ventures. Both firms have participated in the latest injection of funds.
The new round will be used to continue development of the product, including launching a new version of its mobile app for iOS and Android devices.
The company says it will also continue to grow its 30-strong team, namely in engineering, marketing and business development.