Business & Economy Startups HK-based travel booking platform Klook raises US$200M in Series D funding

HK-based travel booking platform Klook raises US$200M in Series D funding

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It plans to use the funding to open an office in the US and offer more Europe- and US-based tour activities

Hong Kong-based travel booking platform Klook has bagged US$200 million in a Series D round joined by investors Sequoia China, Matrix Partners, Goldman Sachs, Boyu Capital, TCV, an Asia-based sovereign wealth fund, OurCrowd, and family offices.

The company will use the newly-raised funding — one of the largest for the travel activities sector in the region — to accelerate its expansion in the US and Europe and grow its tech and platform.

In a press release, Klook said it will open an office in the US by the end of this year. It also wants to add more diverse and unique travel activities in Europe and the US to cater to the growing Asian traveller market as well as curate tours and experiences for Western travellers going to Asia.

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Founded in 2014, Klook offers attractions, tours, and local experiences as well as local transport and railway services. It offers travellers more than 50,000 activities and services provided by over 5,000 industry partners in over 200 destinations worldwide. Some of Klook’s more recognisable offerings include renowned attractions such as Disneyland and Universal Studio.

The company provides tech solutions such as the Merchant App and QR-code based e-voucher redemption to seamlessly facilitate transactions between tour operators and tourists.

“We are committed to using innovative technologies to help digitize the tours and activities industry,” said Eric Gnock Fah, COO and Co-Founder of Klook, in a press statement.

“The new funding will help us deepen our partnership with merchants through more technological solutions that bring new sources of customers and optimize operational efficiencies.”

Klook closed a US$60 million Series C round in October last year, giving it a combined war chest of US$300 million to date.

 

The post HK-based travel booking platform Klook raises US$200M in Series D funding appeared first on e27.

Source: E27

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