Busbud
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Type of site
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Private |
|---|---|
| Founded | 2011 |
| Headquarters | Montreal, Quebec, Canada |
| Key people | LP Maurice, CEO |
| Industry | Software, Travel, Internet |
| Employees | 35+ (2015) |
| Website | busbud.com |
Busbud is a worldwide bus and coach travel company that allows travellers to search, compare, and book intercity bus tickets. Busbud operates throughout Europe, South America, North America, Africa, and other destinations. It partners with bus and coach operators to provide a search engine and a booking platform via its website and mobile app. Busbud serves 10,463 cities in 89 countries, in 10 languages, and 21 currencies.
Busbud was founded after CEO and co-founder, LP Maurice, spent 2011 backpacking throughout South America. He faced many difficulties finding and booking reliable inter-city buses throughout the continent and began drafting a business plan on a 10-hour bus ride in Argentina. He then came back to Montreal and founded Busbud with longtime friends, Michael Gradek (CTO and Microsoft Bing veteran) and Frederic Thouin (CAO). The company acts as a reseller, but also provides support on the bus tickets that are sold.
Backed by venture and angel investors, Busbud has an advisory board made up of Expedia Board Member and Managing Partner of InterMedia Partners, Peter Kern; TripAdvisor VP of SEO, Luc Levesque; CEO of the travel startup Luxury Retreats, Joe Poulin, and Orleans Express founder Sylvain Langis.
In May 2013, Busbud completed a seed round financing of $1.2 million, which was co-led by Canadian funds iNovia Capital and Real Ventures.
In July, 2014, Busbud acquired another round of funding of $9 million, co-led by OMERS Ventures and Revolution Ventures. Busbud's plans include growing its in-house team, expanding its route territory, and developing an improved version of their iOS and Android mobile app.
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