Klook Completes US$425M Series D Funding
Klook, a leading travel activities and services booking platform, announced on April 9 it has raised US$225M in Series D+ funding. This increases the company’s total Series D funding round to US$425M.
The SoftBank Vision Fund led the round with participation from existing investors, including Sequoia China, Matrix Partners, TCV, and OurCrowd. According to the company, this represents the largest financing in the global travel activities and services industry.
In just four years, Klook says it has become the most searched travel activities and services company on Google. In the last one year, the Hong Kong-based company expanded its global footprint into Australia, Europe, and the United States to deliver new consumer experiences.
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“Our vision is to bring the world closer together by connecting the best of what a destination has to offer with travelers from all over the globe,” said Ethan Lin, CEO and Co-Founder of Klook.
Founded in 2014, Klook also entered into major global partnerships with Shangri-La Hotels and Resorts, Asia Pacific’s leading luxury hotel group; and Rail Europe, a leading distributor of European rail products that represents more than 50 railroads throughout Europe.
With the additional funding, Klook says it will scale its operations into new geographies and continue to expand in its existing Asian markets. For example, Japan is one of Klook’s most important markets and is also the headquarters of SoftBank Group.
The company plans to deepen its investments ahead of the 2020 Summer Olympics in Tokyo and will expand into additional Japanese cities to better serve both inbound and outbound visitors.