Buser’s Series B Financing Round

Morrison & Foerster advised SoftBank in connection with a Series B financing round in Buser, a Brazilian intercity bus charter marketplace.

Brazil’s intercity bus charter marketplace Buser has completed an undisclosed Series B funding round led by Japan’s SoftBank. Other investors who took part in the funding round include Latin American media firm, Grupo Globo and existing investors such as Canary, Valor Capital Group and Monashees.

Buser’s co-founder Marcelo Abritta said that around $73.88 million will be used by the startup to expand its business by luring new partners and forging partnerships.

Buser targets those travellers who do not travel frequently but are occasional travellers. By using Buser’s platform, a traveller can save around 50 percent on their ticket when they travel between cities.

The MoFo team was led out of Miami by corporate partner Randy Bullard (PIcture), co-chair of the firm’s Latin America Desk, and included partner Juan Delgado and associates Julia Danforth and Astrid Menendez.

Involved fees earner: Randy Bullard – Morrison Foerster; Julia Danforth – Morrison Foerster; Juan Manuel Delgado – Morrison Foerster; Astrid Menendez – Morrison Foerster;

Law Firms: Morrison Foerster;

Clients: Softbank Corp.;

Author: Ambrogio Visconti