Industry Update
Supplier News15 November 2016

Buster Secures Capital from General Catalyst, Allen & Company, Brand New Matter and Priceline Veterans to Take Its Bus Chartering Marketplace National

Buster Launches New Northeast Markets and Hires Leading Travel Industry Exec as CEO

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Buster, a leading consumer charter bus, limo and van reservation platform, raised $1.1 million in a new round of financing led by executives from Brand New Matter, Inc. ("BNM"), General Catalyst, Allen & Company, and Priceline veterans Jeff Boyd and Bob Mylod. The funds will allow the company to focus on growth initiatives such as expanding into new markets, enhancing the user experience and onboarding key new hires. The series brings the total amount raised to $3.8 million.

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Harald Kruse Hired as Buster CEO

Harald Kruse, a partner at BNM with extensive experience growing online businesses, including Priceline.com, has joined Buster as CEO. "I am thrilled to lead the Buster team at this exciting time," Kruse said."The charter transportation market is one of the final frontiers in travel that has not been disrupted by technology. I look forward to leveraging everything I've learned from my decades in the travel industry to take the pain out of charter ground travel for consumers and businesses alike."

Expansion into New Cities Results in Northeast Penetration

Buster was founded in 2013 in New York and since has expanded nationwide, now connecting hundreds of suppliers with charter bus customers coast to coast. While buses, vans and limos can be booked on Buster nationwide, Buster has established networks of verified vendors and pricing deals in New York, Boston, Washington, D.C., Baltimore and San Francisco.

"Through the Buster platform, consumers & operators can now book bus travel with the same ease that they've come to expect from other travel marketplaces," said Spencer Lazar, partner, General Catalyst. "We look forward to collaborating with Harald and the BNM team to accelerate Buster's innovation and growth."

About Buster:

Buster is a leading booking platform for charter ground travel, empowering consumers to instantly quote and book coach buses, executive sprinter vans, SUVs and limousines online. Buster provides access to thousands of vehicles for every trip, displaying options simply so consumers can make the best choices, at the best price. Buster provides comparison vehicle photos, amenity packages, and transparency into total or per-person prices. Buster Verified ensures high standards across drivers/operators and safety, service, cleanliness, and vehicle quality. www.buster.com

About Brand New Matter, INC:

Brand New Matter, Inc. (BNM) is a strategic advisory and venture capital firm based in New York City. BNM specializes in working with early stage companies, from start-ups through emerging ventures. BNM has extensive experience as founders, executives, and investors. Our team came together based on a shared passion - helping businesses succeed.

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