Tech Transformers

GoEuro raises $45M in latest funding round, led by Goldman Sachs

GoEuro funding round is huge milestone: CEO
GoEuro funding round is huge milestone: CEO

Travel booking site, GoEuro has raised $45 million in a new Series B funding round, led by Goldman Sachs, bringing its total known funding to some $76 million.

"It's a huge milestone for us," Naren Shaam, GoEuro's founder and chief executive, told CNBC on the day of its announcement.

"We want to cover the rest of Europe, so this (investment) allows us to significantly grow faster across markets." allows customers to book various modes of transport across Europe on one platform; operating in 11 countries across the region.

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In 2015 alone, GoEuro has launched its product into up to five new territories, Shaam told CNBC Wednesday, adding that each country, GoEuro gets access to all rail and coach companies, along with airports, allowing them to get greater "depth of coverage" within each country.

"If you're in a tiny, tiny town that doesn't have an airport, we'll even show you the train connection to the airport. So this is your complete journey in a click of a button and this is the first time we're able to do this across Europe. Mainly because this is the first time we're bringing distribution across all ground transportation in a single platform."

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Due to the weaker euro and stronger currencies elsewhere, GoEuro is seeing more Americans and Asian tourists using the platform to plan their travel across Europe, however, the firm did see a short dip in interest following the terror attacks in Paris this November.

"The Paris terrorist attack is an unfortunate event. I think the biggest step Europe has in terms of transportation is open market—cross border travel—and this I hope never goes away because of these attacks."

"We did see a small dip in both search and bookings in the two weeks right after that, however, I see already last week's data that it is starting to bounce back. So I'm pretty positive that it will come back soon."

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While the funding round was led by Goldman Sachs, new investors included the chief executive of Swedish e-commerce company Klarna, Sebastian Siemiatkowski, and venture capital firm Atomico, whose chief executive is Niklas Zennström, Skype's co-founder.

With the additional round of funding, the travel site plans on expanding at a faster rate, while concentrating on product development, investment from new partner integrations and further customer acquisition in Europe and beyond.

By CNBC's Alexandra Gibbs, follow her @AlexGibbsy and @CNBCi