Travel app maker GoEuro raised $70 million to accelerate product development and bring “one-click booking to travellers across Europe”.

The new investment follows a funding round last December of $45 million.

GoEuro, which has 10 million monthly users, wants to make travel easy and solve the “complicated logistical and technical challenges” of what it claims is a €150 billion market, by bringing a simple mobile booking experience to the travel industry.

By building a “single and integrated source of information”, GoEuro lets customers book routes by train, bus and flight to any city, town or village in Europe. It also benefits transportation providers by filling seats and increasing utilisation rates.

Naren Shaam, CEO and founder, said the new investment “will allow us to scale into many new markets and go deeper into the ones we already have, as well as accelerate development of the world’s most comprehensive reservations platform”.

The funds will “fuel a significant expansion” of GoEuro’s coverage starting from its current 500 travel partners in 12 countries, the firm added.

The latest round was led by Silver Lake Kraftwerk, and Kleiner Perkins Caufield & Byers. In total, GoEuro has raised more than $145 million.

GoEuro claims it is “now poised to join the small circle of European start-ups seen to have the potential to become multi-billion dollar companies.”