LAVCA | The Association for Private Capital Investment in Latin America
  • About
    • About LAVCA
    • Board, Team & Councils
    • Media
    • Contact
  • Members
    • Membership Benefits
    • Current Members
    • Member Access
    • Apply
  • Education & Programs
    • Networking
    • LAVCA Week
    • Calendar & Past Programs
    • LAVCA Education
    • Industry & Partner Events
  • Research & Directories
    • LAVCA Research
    • Industry data
    • LP Survey
    • Directories
  • Policy
    • Policy News Feed
    • Scorecard
    • PRIVATE CAPITAL REGULATION BY COUNTRY
    • Advocacy Initiatives
    • Term Sheets & Guidelines
  • ESG & Impact
    • Responsible Investment
    • Deal Book
      • Submit a Deal
    • Impact Report
    • Latin American ESG Awards
    • ESG Guidelines
  • Articles
    • Featured Articles
    • Industry News
  • #COVID-19
  • VC
  • Member Login
  • Member Access

LAVCA | The Association for Private Capital Investment in Latin America

A non-profit member organization

  • About
    • About LAVCA
    • Board, Team & Councils
    • Media
    • Contact
  • Members
    • Membership Benefits
    • Current Members
    • Member Access
    • Apply
  • Education & Programs
    • Networking
    • LAVCA Week
    • Calendar & Past Programs
    • LAVCA Education
    • Industry & Partner Events
  • Research & Directories
    • LAVCA Research
    • Industry data
    • LP Survey
    • Directories
  • Policy
    • Policy News Feed
    • Scorecard
    • PRIVATE CAPITAL REGULATION BY COUNTRY
    • Advocacy Initiatives
    • Term Sheets & Guidelines
  • ESG & Impact
    • Responsible Investment
    • Deal Book
      • Submit a Deal
    • Impact Report
    • Latin American ESG Awards
    • ESG Guidelines
  • Articles
    • Featured Articles
    • Industry News
  • #COVID-19
  • VC

Wanderu Raises a $2.45 Million Series A Round Led by Alta Ventures Mexico

August 13, 2013

(Press Release) Bus and Train Travel Search Wanderu Raises $2.45 million round of funding led by Alta Ventures, investors include strategic travel industry insider and Chairman of Orbitz, Jeff Clarke; Chairman of Her Campus, Bill Kaplan; Semyon Dukach, Drummond Road Capital, amongst others. Wanderu will use the capital to expand its coverage, scale its data systems and release new features.

Alta Ventures Mexico (AVM) announced today an investment in Wanderu, the travel startup that makes finding and booking bus and train travel easier. Former CEO of Greyhound, Craig Lentzsch and AVM’s partner, Rogelio De los Santos will be added to the board of directors. The $2.45 million closing round of funding includes strategic travel industry insider and Chairman of Orbitz, Jeff Clarke; Chairman of Her Campus, Bill Kaplan; Semyon Dukach, Drummond Road Capital, amongst others.

After initially partnering with 12 bus carriers, includingBoltBus and Concord Coach Lines, Wanderu made its service publicly available in the Northeast of the US, where the platform has over 80% coverage including from major cities to remote college towns. “Our partnerships allow us to provide end users with up to date schedules, pricing, availability and facilitates the check out process,” said co-founder and CEO Polina Raygorodskaya.

Wanderu is making it easier for young executives and students, accounting for 74% of the intercity bus travelers, to find and book a trip from point A to B. Compared to flying, ground travel has proven to be more convenient for short and middle distances since it offers Wi-Fi, plugs and other amenities. According to a DePaul University study, buses are the fastest growing form of transportation for inter-city travel in the U.S, but finding and booking travel between cities still proves to be a big headache and waste of time for consumers having to scour the web to find and book a trip. Winner of this year’s SXSW Interactive Accelerator Innovative Web Technology award, Wanderu is tackling this issue head on by allowing travelers to search all of their options in one place.

“Wanderu will provide bus and train carriers with the opportunity to access new and extended markets, while improving their level of service by allowing end users to smoothly plan a point-to-point trip,” De los Santos said. “We saw a big opportunity in the North American market being tackled by a very talented and knowledgeable team,” he added.

Founded by Polina Raygorodskaya, Igor Bratnikov and Eddy Wong, Wanderu’s goal is to deliver the easiest search and booking experience in ground travel. The company will use the capital to expand its coverage, scale its data systems and release new features. It is rapidly adding to its development team, which currently consists of eight engineers. The Wanderu data system, similar to middle layer technologies in the airline business, enables Wanderu to connect directly with partner’s reservation systems. The system standardizes the schedule and pricing information from across the different sources by converting to Wanderu Unified Data Standards.

Wanderu also debuts checkout availability confirmation, a first in the industry. This real time trip verification enables consumers at checkout to have the latest prices and availability before they begin booking. In the near future, the company is planning to make it effortless to travel between any two points in North America.

Wanderu Raises a $2.45 Million Series A Round Led by Alta Ventures Mexico was last modified: August 13th, 2013 by Editor
Alta VenturesFundingMexicoWanderu
0
Facebook Twitter Google +

LatAm Venture Bulletin

LatAm Venture Bulletin

The LatAm Venture Bulletin is a must-read roundup of startup deals and news on emerging technologies in Latin America, delivered to over 6,000+ investors, entrepreneurs, and corporates bi-weekly.

Asset Class *


VC Partner Events

    Tweets

    • READ latest deal case featuring Aqua Capital's investment in 🇧🇷Brazil-based agribusiness/animal feed additives comp… https://t.co/vAgqJSEPRm

      22-Dec-2020

      Reply Retweet Favorite
    • 🚀LAVCA's #VC #femaleinvestors lists are out: ♀️ Top #Women Investing &⭐Emerging Women Investors in #LatinAmerica… https://t.co/D6bpZqL9LO

      10-Dec-2020

      Reply Retweet Favorite
    • #HappeningNow LAVCA's CEO @ivonnecuello sharing #LatAm #Tech sectors leading, #leapfrogging, & #Socialimpact data.… https://t.co/Bt2sgRQOFm

      11-Nov-2020

      Reply Retweet Favorite
    • 👩‍💻#weXchange2020 LAVCA's Executive Advisor y @CapriaVC 's Venture Partner @RoblesSusanaro y @NXTPvc's Managing Par… https://t.co/F7Fm1EOxZO

      11-Nov-2020

      Reply Retweet Favorite
    • 🔽DOWNLOAD the latest in a series of deal cases featuring LAVCA member Oria Capital's investment in 🇧🇷 software/CPaa… https://t.co/MzKHqR2tnv

      09-Nov-2020

      Reply Retweet Favorite

    Submit VC News

    Have private equity or venture capital related news that you would like to share? Submit your press releases and news to news@lavca.org.

    VC Industry News

    • SoftBank Group and Dynamo Lead US$190m Series E in Brazilian E-commerce MadeiraMadeira

      January 7, 2021
    • Oria Capital Invests R$40m in Brazilian Analytics Platform Knewin (em português)

      January 5, 2021
    • QED Investors Leads US$17.5m Series A in Chilean Insurtech Betterfly (formerly Burn to Give)

      December 31, 2020
    • Amplify Partners Leads US$8.5m Series A in Media Production Platform RunwayML

      December 30, 2020
    • IDB Invest, HBM Healthcare, and Morgan Rio Capital Invest US$18m in Colombian Healthtech Farmalisto (en español)

      December 24, 2020
    • SP Ventures Reaches R$130m Second Close for AgVentures II

      December 22, 2020
    • Darwin Capital and Angels Invest R$12m in Brazilian Neobank Linker (em português)

      December 21, 2020
    • monashees Leads R$30m Round in Brazilian Fintech Nomad (em português)

      December 20, 2020
    • Microsoft’s WE Ventures Receives R$5m Commitment from Brazilian Insurance Porto Seguro (em português)

      December 18, 2020
    • Mountain Nazca Leads US$17.5m Series A in Peruvian Edtech Crehana (en español)

      December 17, 2020
    • LGT Lightstone Leads US$255m Series E in Brazilian Fintech Creditas

      December 17, 2020
    • Hetz Ventures Leads US$3.55m Round in Mexican Fintech Mozper

      December 14, 2020
    • Jaguar Ventures, Investo, and Liquid2 Ventures Invest US$2.3m in Chilean Justo (en español)

      December 10, 2020
    • KaszeK Ventures and QED Investors Lead US$62m Series B in Bitso

      December 9, 2020
    • Valor Capital Group Leads US$2.2m Round in Brazilian Dolado (em português)

      December 9, 2020
    • Temasek Invests US$20m in Brazilian Payments Processor Conductor

      December 9, 2020
    • IDB Invest and Blue Like an Orange Invest US$50m in Travel Network Selina

      December 9, 2020
    • Flourish Ventures, Mountain Nazca, Valar Ventures, and Greyhound Capital Invest US$45m in albo

      December 8, 2020
    • Volpe Capital Reaches US$50m First Close for Early Stage Latin America Fund (em português)

      December 8, 2020
    • Blockchange Ventures and Pomp Lead US$5.25m Round in Colombian Fintech Valiu (en español)

      December 7, 2020
    • Riverwood Capital Invests US$32m in Brazilian Freight Management Intelipost

      December 6, 2020
    • Barn Investments, Bulb Capital, and Wayra Invest R$30m in Trocafone (em português)

      December 4, 2020
    • Accion Venture Lab, Emles Venture Partners, and Noveus VC Invest US$1.5m in Henry

      December 3, 2020
    • Mountain Nazca and Alma Mundi Ventures Lead US$3m Round in Spanish Healthtech Asistensi

      December 3, 2020
    • Mountain Nazca Leads US$1.7m Round in Mexican Personal Finance Startup Heru

      December 2, 2020
    • monashees Leads R$28m Seres A in Brazilian Coffee Shop The Coffee (em português)

      December 1, 2020
    • KaszeK Ventures, Global Founders Capital, and Iporanga Ventures Invest US$2.5m in Legiti (em português)

      November 30, 2020
    •  Peninsula Participações and Endeavor Catalyst Lead US$10m Series B in Brazilian Healthtech Hilab (em português)

      November 26, 2020
    • The Craftory Leads US$1.8m Round in Brazilian Carbon Credit Marketplace Moss (em português)

      November 25, 2020
    • ONEVC Leads US$2.7m Round in Brazilian Agtech TerraMagna

      November 25, 2020
    • SoftBank Leads US$58m Series D in Brazilian Ecommerce Olist

      November 23, 2020
    • Index Ventures Leads US$19m Series A in Mexican Digital Health Insurer Sofía

      November 20, 2020
    • Clout Capital Leads US$2.55m Series A in Quantum Talent (en español)

      November 20, 2020
    • monashees, ONEVC, and Y Combinator Lead US$5m Seed Round in Brazilian Fintech Facio

      November 18, 2020
    • Tribe Capital Leads US$13.5m Series A in Mexican Identity Verification Provider Mati

      November 17, 2020
    • Memory Merges with Accel-KKR Backed Siigo (en español)

      November 16, 2020
    • Confrapar and Crescera Investimentos Exit Billing Platform Vindi via R$180m Sale to Locaweb (em português)

      November 11, 2020
    • monashees and Qualcomm Ventures Lead Undisclosed Series A in Edge Computing Azion (em português)

      November 10, 2020
    • SP Ventures Invests R$14m in Brazilian Agtech Lending Platform Traive (em português)

      November 4, 2020
    • Astella Investimentos Leads US$1.4m Round in Brazilian HRtech BossaBox (em português)

      November 3, 2020
    • Passion Capital Leads US$1.4m in Self-Service Cloud Platform Warren

      November 1, 2020
    • Viking Global Investors Leads US$150m Round in Brazilian Card Issuer Conductor

      October 30, 2020
    • KaszeK Ventures and Peninsula Lead R$17m Round in Brazilian Primary Care Cuidas (em português)

      October 29, 2020
    • Astella Investimentos Invests R$8m in Brazilian Public Finance Platform Gove (em português)

      October 27, 2020
    • Vine Capital Leads US$4m in Colombian Construction Materials Platform Tül

      October 27, 2020
    • IDB Invest Leads US$15m Round in Mexican On-Demand Furniture Platform GAIA

      October 26, 2020
    • Inovabra Ventures Leads R$37m Round in Brazilian Financial Management Asaas

      October 23, 2020
    • DOMO Invests R$4m in Brazilian Online Event Startup Even3 (em português)

      October 22, 2020
    • Oikocredit Invests R$20m in Brazilian Fintech BizCapital (em português)

      October 22, 2020
    • MAYA Capital Reaches US$15m Second Close for Latin America Fund

      October 21, 2020
    • Alameda Ventures Invests R$40m in Digital Asset Investment Platform Transfero Swiss (em português)

      October 21, 2020
    • monashees Leads US$14.5m Round in Brazilian Insurtech Pier (em português)

      October 21, 2020
    • Vox Capital Leads R$23m Round in Brazilian Payment Developer Celcoin (em português)

      October 20, 2020

    About LAVCA

     

    LAVCA is the Association for Private Capital Investment in Latin America, a not-for-profit membership organization dedicated to supporting the growth of private capital in Latin America and the Caribbean through research, education, networking and advocacy.

    LAVCA Offices

        New York City:
        589 8th Ave, 18th Floor
        New York, NY 10018

        Washington DC:
         2600 Virginia Ave. N.W., 500
        Washington, DC 20037

    LAVCA Also Has a Regional Presence in:

        Silicon Valley:
        San Francisco, CA

    Explore LAVCA.org

    • About LAVCA
    • Board, Team & Councils
    • Media
    • Contact Us
    • Membership Benefits
    • Members Only Access
    • Education and Programs
    • Research
    • Policy
    • LAVCA VC
    • Contact Us

    @2020 - LAVCA. All Rights Reserved.


    Back To Top