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Digital Transformation for Bus Travel: bm|t invests in Paul Faehrt Bus with the Thuringia Start-up Fund (TSF)

  • 2017

“We´re excited to remove inefficiencies in the bus travel market,” explained the developers from “Bus entrepreneurs can now take more control of their bookings in charter or irregular bus travel and thus optimize the growth of their companies,” said Dirk Paasche, CEO of Magnitude Internet GmbH, the company behind provides bus travel companies the tools to structure and organize their business. The portal offers an integrated matching of supply and demand for bus travel and allows customers the opportunity to book directly over the site. The intelligent matching tools save bus travel companies up to 99% of the time that they would have spent answering customer enquiries and entering bookings.

About Magnitude Internet GmbH

Magnitude Internet was founded in December 2014 and is focused on the development and deployment of smart software solutions for the bus travel industry. The product was officially launched on July 2017 at the RDA Group Travel Expo in Cologne.

About bm-t beteiligungsmanagement thüringen GmbH

With more than € 320m and eight funds under management bm|t is the premier partner for investments in Thuringia. We pursue a return-oriented approach to financing innovation and promoting economic growth by investing in promising entrepreneur teams and businesses in the Free State of Thuringia. bm|t is the ideal partner for investments across all industries and funding stages, from start-up through growth capital, including geographical expansion.

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