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Carlsquare advised Turbopass on its exit

Turbopass offers city passes and cards that provide tourists with an all-inclusive package for sightseeing. The digital passes grant free entry and reduced prices for more than 500 providers, such as museums and tours and on local transport. With the Turbopass sightseeing packages, tourists save time and money in currently 13 destinations. Sales are mainly made online directly to tourists and via tour operators.

Turbopass GmbH was founded in 2013 by Martin Bleich and Hinnerk Rott in Hamburg and built up by bootstrapping to become one of the world’s largest providers of city passes. The company has had double-digit annual profitable growth and has come through the difficult corona pandemic in good health thanks to digital scalability and diversification of travel destinations.

SIG GmbH and RiKa GmbH have now acquired a majority stake in Turbopass. The founders retain a minority share and have stepped down from the management.

The investment by SIG and RiKa is an excellent signal in the tourism industry. After the time of the corona pandemic, which is still consuming for many, the time for travellers is coming back. The new shareholders will drive the expansion into new tourism markets and broaden product variants for strong growth.

Hinnerk Rott, co-founder of Turbopass said: “The pandemic also delayed the exit process and now travelling is back on the agenda. Turbopass is excellently prepared for flexible changes in booking and travel behaviour. With the new ownership and management, our start-up now gets additional power for the future.”

Michael Moritz, Managing Partner of Carlsquare commented: “We expect a strong consolidation in the tourism segment post corona, more than before digital leaders like Turbopass will drive this development.”

Carlsquare acted as the exclusive financial advisor to Turbopass.

Michael Moritz
Michael Moritz LinkedIn
Managing Partner
Jan-Frederik Zapp
Jan-Frederik Zapp LinkedIn
Senior Associate