Munich-based FlixMobility, the group behind FlixBus and FlixTrain has raised over $650 million in a mix of equity and debt financing, giving the company a valuation of $3 billion. The Series G round included activity from new investor Canyon Partners, as well as existing investors including General Atlantic, Permira, TCV, HV Capital, Blackrock, Baillie Gifford, SilverLake, FlixBus founders, and undisclosed others. The company is reporting that the funding will be used to further expand into new markets, optimise the existing platform, and proporitise train activities in Germany and Sweden.

Founded in 2011 by Andre Schwammlein, Daniel Krauss, and Jochen Engert, FlixMobility has weathered the pandemic storm via a series of network adjustments and heavily investing in technology and automation.