- Stack Capital Group (STCK.WT) has acquired US$7 in preferred shares of Omio Inc.
- Stack Capital’s investment was completed alongside several other investors
- Omio is a travel platform that allows consumers in Europe, the US, and Canada to book trains, buses, ferries, and flights
- Stack Capital is an investment holding company and its business objective is to invest in equity, debt and/or other securities of growth-to-late-stage private businesses
- Stack Capital Group Inc. remained unchanged, trading at C$0.13 at 10:36 AM ET
Stack Capital Group (STCK.WT) has acquired US$7 million in preferred shares of Omio Incorporated.
Omio is a time-saving and money-saving multi-modal travel platform that allows consumers in Europe, the United States, and Canada to easily book trains, buses, ferries, and flights.
Stack Capital’s investment was completed alongside fellow investors, including Goldman Sachs, Lazard Asset Management, New Enterprise Associates (NEA), and Temasek Holdings, among others.
Omio has successfully built a travel platform that focuses on the under-served and highly fragmented ground and water transportation markets.
“Targeting the ground and water transportation segments of travel differentiates Omio from virtually all of its peers,” stated Jeff Parks, CEO of Stack Capital.
“As global travel continues to accelerate post-pandemic, Omio is rebounding faster than several of the largest travel platforms in the world,” he added.
Stack Capital is an investment holding company and its business objective is to invest in equity, debt and/or other securities of growth-to-late-stage private businesses.
Stack Capital Group Inc. remained unchanged, trading at C$0.13 at 10:36 AM ET.