Klook completes $425M Series D Funding

Klook, a world-leading travel activities and services booking platform, has raised $225M in Series D+ funding.

This increases the company’s total Series D funding round to $425M. The SoftBank Vision Fund led the round with participation from existing investors, including Sequoia China, Matrix Partners, TCV and OurCrowd.

In just four years, Klook has become the most searched travel activities and services company on Google. In the last year, the Hong Kong-based company expanded its global footprint into Australia, Europe and the United States to deliver new, unique and exciting consumer experiences. Klook also entered into major global partnerships with Shangri-La Hotels and Resorts and Rail Europe, a leading distributor of European rail products that represents more than 50 railroads throughout Europe.

With the additional funding, Klook will scale its operations into new geographies and continue to expand in its existing Asian markets. 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.

“Our vision is to bring the world closer together by connecting the best of what a destination has to offer with travellers from all over the globe,” said Ethan Lin, CEO and Co-Founder, Klook.

“This latest investment is a true testament to the progress made by the Klook team in building the world’s Number 1 Super App for all in-destination needs,” added Eric Gnock Fah, COO and Co-Founder, Klook.

Coupled with an accelerated expansion plan to grow its global footprint and service offerings, the company is expected to maintain its strong momentum with triple-digit growth in bookings.

“We believe Klook is a leader in taking a mobile-first approach to the travel activities and services industry,” said Lydia Jett, Partner, SoftBank Investment Advisers.

 

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