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The Road Ahead

9 Jul

Busbud office

Today, Busbud is proud to announce the closing of a $9M Series A funding round co-led by OMERS Ventures and Revolution Ventures, with participation from iNovia Capital and Real Ventures.

This is a special milestone for our team at Busbud. We are very proud of the road travelled so far and grateful for all the support we’ve received in the past few years. We’ve come a long way since our humble beginnings when our founding team worked from my basement and living room.

The investment will help us further fulfill our mission: to make bus travel easy around the world. When I visited South America in 2011, I realized the bus booking experience could be greatly simplified, especially for international travellers. We’ve been at hard work solving this challenge ever since. This new round will allow us to keep improving our product, grow the team and expand our coverage to new markets.

I would like to personally thank all our bus operator partners and travellers who have trusted us since the start. With the help of our partners, we will continue to offer a smart mobility solution that makes it easy for travellers everywhere to roam the planet by bus. In addition to being budget-friendly, the bus is one of the greenest forms of transport available and we are proud to keep promoting its benefits.

I’d also like to thank each member of our amazing team. To my co-founders, to our early team members who joined us two years ago and to those who joined the team just last week, I appreciate your trust and dedication. It’s a pleasure to wake up every morning and work on hard problems together with you. Thanks also to the many investors and advisors who were early believers in the market opportunity and stood beside us to help us realize our vision. There is still a long road ahead, but we would not be here today without you.

Finally, I’d like to offer a special thanks to the Montreal startup ecosystem. While our service is used in various parts of the world, most of the Busbud team is proudly based in Montreal, Canada. Countless members of our ecosystem – which really feels like a family more than an ecosystem on most days – have generously helped us, opened doors and taught us what it took to build a great company. We are grateful and indebted for your continued support.

We’re excited about the future and happy to have you all onboard with us for the ride.

Want to work with a great team on exciting challenges? We’re hiring. Follow us on Twitter or Facebook for the latest Busbud updates.

LP Maurice (@lpmo)
CEO & Co-Founder, Busbud

Busbud team photo on July 2014

Photo credit: Andrew Budyk & Alain Wong

Busbud selected as Red Herring Top 100 North America finalist

22 May

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More good news! We’re glad to announce that Busbud was recently selected as a finalist for this year’s Red Herring Top 100 North America award. The distinction honours the year’s most promising private technology ventures from North America.

Red Herring has been selecting the most exciting and promising start-ups since 1995. Busbud is one of 10 companies in Canada and 2 in Quebec to be chosen in 2014. Fellow Montreal startup Wajam had made the list in 2012.

The startups in this list have been selected among a pool of hundreds of companies based across the US and Canada, in the fields of security, Web 2.0, software, hardware, life sciences, cloud, mobile and more. The selections for the 2014 edition of this award were based upon technological innovation, management strength, market size, investor record, customer acquisition and financial health.

Finalists are asked to present their winning strategies at the Red Herring North America Forum in Monterey, California.

Come meet Busbud at C2MTL 2014

21 May
C2-MTL 2014

A workshop in progress at C2-MTL!

Busbud is really excited about the C2MTL conference happening in Montreal next week from May 27-29th.

Described as a cross between Ted and Burning Man, the C2MTL conference on commerce and creativity is organized by Sid Lee, Cirque du Soleil, Fast Company and Microsoft and will feature an inspiring list of speakers including James Cameron (director), Tony Hsieh (Zappos) and Muhammad Yunus (Nobel Peace Prize winner).

In 2013, Busbud had the chance to be a winner of the Bronfman Foundation  Emerging Entrepreneur program.

Two Chances to Connect

This year, Busbud is glad to announce we are coming back and that we’ll be involved in two different ways:

On May 27th, Busbud CEO LP Maurice will take the stage as part of the new Garage speaker series presented by Laurentian Bank. LP will be interviewed by journalist Diane Bérard of business magazine Les Affaires and will discuss creativity and innovation at Busbud. This talk will run in parallel to conferences in the Microsoft Forum.

On May 28th, Busbud will be hosting a workshop on international expansion titled “So you want to go global?”. Busbud team leaders LP Maurice, Thomas Geissmann and Pierrich Picard will share best practices from our experience developing new markets abroad. Participants will learn more about trade missions, email marketing, landing pages, SEO and more ways of connecting with potential partners worldwide. This workshop is presented as part of a series presented by our friends at PwC Canada.

Screen Shot 2014-05-17 at 6.10.10 PM

We’ll be around all week, so feel free to come meet us for questions, to exchange ideas and more!

See you at C2-MTL!

Photo:  Workshop of PwC at C2MTL 2013 with Chris Bangle, Designer of Chris Bangle Associates and former Chief of Design, BMW Group. (Courtesy of C2MTL)

Busbud Wins $25K “Best Investment” Prize at 2014 HBS New Venture Competition!

17 Apr

Busbud is pleased to announce that it was named the winner of the $25K “Best Investment” prize at the World final of the 2014 HBS Alumni New Venture Competition yesterday in Boston!

NVCWinner

Busbud beat out 13 other world finalist startups to win the prize, which was voted by a panel of investors. Busbud had been selected in March as a region finalist for Canada to participate in the final. In addition to the prize money, the company will also have the opportunity to attend the Rock 100 Entrepreneurship Summit in Boston on April 29-30th.

Check out below the Busbud intro video that was part of our application!

NVCLogo

Busbud Hosts Innovation in E-Commerce Event on April 1st!

25 Mar
Innovation in E-Commerce

Innovation in E-Commerce

Busbud is excited to host the “Innovation in E-Commerce event” on Tuesday, April 1st. The event will bring together the hottest startups, entrepreneurs and innovators in the Montreal eCommerce scene.

The event is organized by the great folks at MTL NewTech & MTL + eCOMMERCE.

The evening will begin with a chance to network, and meet potential business partners and co-founders alike.

4 startups then pitch on stage to the 200-strong crowd. The startups include Bon Look, FreshMint, MightyCast and ThirdShelf. The selected startups that are in one way or another innovating in logistics, operations, technology, mobile or some other aspect of their business. 

The pitches will be followed with a panel on the topic of innovation in eCommerce, and how to successfully launch an eCommerce site. Featured panelists will include Pinny Gniwisch, (founder of Ice.com), Richard Cohene (Marketing at Beyond the Rack) and Malik Yacoubi (VP Technologies and Mobile at Cossette).

Here is the schedule for the event:

6.00pm Doors open. Meet cofounders & Talent
6.45pm Beginning of presentations
7.30pm Panel : innovation in eCommerce // eCommerce launch
8.15pm Stay for networking !

For more info, check out the Facebook page. Get your tickets via Eventbrite.

Busbud Wins Canadian Final of 2014 HBS New Venture Competition!

14 Mar

Busbud is proud to announce that it was named the winner of the Canadian final of the 2014 HBS Alumni New Venture Competition last night in Toronto!

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Busbud will represent Canada at the worldwide final in Boston on April 29-30th, competing against 15 other regions from around the world for $75K in prize money. The company will also have the opportunity to attend the Rock 100 Entrepreneurship Summit in Boston.

torontonewventure

Busbud Selected in Top 20 Innovative Companies in Canada by CIX

11 Nov

CIX Top 20 Cover Photo

Busbud is pleased to announce that is has been named in the Top 20 hottest technology companies in Canada by the CIX.

The CIX Top 20 is an elite index of the most forward-looking companies in the Canadian innovation ecosystem, and connects the key players driving technology-based business both in Canada and beyond.

An expert panel of innovation leaders have selected the 20 technology companies from across Canada to be featured in a live showcase at CIX 2013, taking place November 21, 2013 at MaRS Discovery District in Toronto.

Busbud is happy to join fellow Montreal-based startups Breather, Plotly and Fabric Engine in this year’s Top 20.

Busbud joins Top 20 alums from Quebec such as Frank & Oak, Beyond The RackAcquisio, CoveoTungle and Wajam.

CIX Top 20

For more information, check out the official announcement.

CIX

Busbud Hosts 1st Startup Grind Montreal

11 Nov

Startup Grind photo

Busbud is very happy to host the first edition of Startup Grind Montreal. The inaugural event will be held at Busbud office on November 21st at 6pm.

Startup Grind is a global startup community designed to educate, inspire, and connect entrepreneurs. It is powered by Google for Entrepreneurs. It hosts monthly events in more than 50 cities and 15 countries featuring successful local founders, innovators, educators and investors who share personal stories and lessons learned on the road to building great companies.

In the past, Startup Grind has featured interviews with George Zachary (Charles River Ventures)Matt Rogers (Nest)Dave McClure (500 Startups)Steve Blank (Author)Ben Silbermann (Pinterest)Mike Abbott (KPCB)Charles Huang (Guitar Hero) and 150 more.

The speaker for the Montreal event is Greg Isenberg, founder and CEO of 5By, a video concerge service that scours the internet for the best videos and hand-delivers the ones you want to watch. The company was recently acquired by Silicon Valley company StumbleUpon. The Montreal Chapter Director of Startup Grind is Rami Sayar.

Learn more about the Montreal event on Betakit. Get tickets on Eventbrite.

You can also join the Startup Grind Montreal meetup.com community or like their Facebook page.

Startup Grind logo

Busbud Selected For 48 Hours In the Valley

8 Nov

Busbud is very excited to announce that it has been selected to participate in the 48 Hours in the Valley program in Silicon Valley!

48hrs in the Valley is the C100‘s flagship mentorship program put on in conjunction with the Canadian Consulate of San Francisco and Palo Alto.

Twice a year, the C100 invites 20 of Canada’s most promising startups to the Silicon Valley for two days of mentorship, workshops, investor meetings, strategic partner visits and networking.

 

The program is scheduled for December 2-4, 2013

For more information, check out the official announcement.

48HrsInTheValleyLogo

Busbud selected to attend Brazil-Canada 3.0

7 Nov

Busbud has been selected by Brazil’s Comitê Gestor da Internet (CGI) and the Canadian Digital Media Network, as one of ten companies representing Canada at the Brazil-Canada 3.0 conference from December 4th – 6th, 2013.

The program will include opportunities to meet with potential customers and investors from Brazil, as well as the ability to learn about the Brazilian market from companies with experience in country. The Canadian and Brazilian companies will also take part in a pitch-off competition on December 3rd, with OpenText sponsoring the winning companies attendance at the Canada 3.0 conference, taking place in Calgary May 26th – 28th, 2014.

“This is a great opportunity for Busbud to enter the Brazilian market” said Kevin Tuer, Managing Director of the Canadian Digital Media Network, “Brazil is the seventh largest domestic IT market in the world, and as the host of the upcoming World Cup and 2016 Olympics there will be even greater opportunities going forward.”

Ricardo Sordre, CEO of the Brazilian accelerator Project-1, added “Many large Brazilian companies are in need of technologies that are not available in country, and Canadian companies can help fill that need in the fast-growth, high demand Brazilian market.“

Brazil represents an exciting new market for Busbud. “We are thrilled to participate in the event and eager to make new connections in Brazil with investors and partners alike!”, said LP Maurice, CEO of Busbud.

6Harmonics, ESL Explorer, fSONA Networks, Linquet, Magnet Forensics, Turnstyle, PO-MO, Xomo Digital and Zighra are the other companies chosen out of 164 applicants by a panel consisting of Ricardo Sodre (Project 1), Kevin Tuer (CDMN) and Sid Paquette, the Director of OMERS Ventures. The diverse group comes from across the country, and includes the retail, wireless, security, education and tourism sectors. The companies selected are high growth SMEs, with average revenue of $1.3 million that is projected to increase markedly over the next year through international expansion.

For more info, view the press release.

Canadian Digital Media Network

BrazilCanada

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