Stack Capital Holding Omio Announces Key Partnership With Uber
August 03 2022 - 7:55AM
Stack Capital Group Inc., (TSX:STCK and STCK.WT) is pleased to
announce that Omio, an existing portfolio holding and the world’s
leading ground transportation travel platform, has partnered with
Uber Technologies, Inc. (NYSE:UBER) to provide its users with the
opportunity to seamlessly book train and coach travel within the
Uber app.
The partnership will initially launch in the
United Kingdom and will enable Uber users to gain access into
Omio’s unique inventory and proprietary technology to provide a
seamless, digital, and mobile-first approach to travel including
more than 1,000 transportation providers in 37 countries worldwide,
hosted entirely within the Uber platform. This partnership follows
Omio’s most recent funding round, in which Stack Capital
participated in a US$ 80 million financing to strengthen its
position as the leading ground transportation platform.
“Without question, this Uber partnership
validates the strength and overall quality of Omio’s multi-modal
travel platform,” said Jeff Parks, CEO of Stack Capital. “We’re
extremely excited to have Omio partner with yet another world-class
business and look forward to having the joint venture flourish in
the coming years.”
To access a copy of TechCrunch’s article on the
Omio/Uber partnership please click here.
About Stack Capital
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.
Through Stack Capital, shareholders have the opportunity to gain
exposure to the diversified private investment portfolio;
participate in the private market; and have liquidity due to the
listing of the Common Shares and Warrants on the TSX. At the same
time, the public structure also allows the Company to focus its
efforts on maximizing long-term performance through a portfolio of
high growth businesses, which are not widely available to most
Canadian investors. SC Partners Ltd. (the "Manager") has taken the
initiative in creating the Company and acts as the Company's
administrator and is responsible to source and advise with respect
to all investments for the Company.
About Omio, Inc.
Headquartered in Berlin, Germany, Omio is a
leading multi-modal travel platform that allows consumers in
Europe, the United States, and Canada to easily book trains, buses,
ferries, and flights – saving them both time and money. The company
has successfully built a platform focused on the underserved and
highly fragmented ground and water transportation markets.
Currently issuing travel tickets across 37 countries, in 21
different languages, and 26 different currencies, for 1000+ travel
transportation providers, Omio’s innovative platform brings
together a significant number of travel operators and seamlessly
integrates their respective inventories.
For more information, please visit our website
at www.stackcapitalgroup.com or contact:
Brian ViveirosVP, Corporate Development and
Investor Relations647.280.3307brian@stackcapitalgroup.com
Stack Capital (TSX:STCK)
Historical Stock Chart
From Dec 2024 to Jan 2025
Stack Capital (TSX:STCK)
Historical Stock Chart
From Jan 2024 to Jan 2025