Klook Wins $200 Million in Series D Funding
Full-service in-destination booking platform Klook closed $200 million in Series D funding, bringing its total financing to date to $300 million and making Klook the most-funded company in the tours and activities sector globally. Investors in this round include Sequoia China, Matrix Partners, Goldman Sachs, Boyu Capital, Asia-based sovereign wealth fund TCV, OurCrowd, and family offices. Sequoia China, Matrix Partners, and Goldman Sachs also led the company’s Series C in 2017.
Founded in 2014, Klook strives to be one of the world’s fastest-growing booking platforms, covering attractions, tours, and local experiences as well as local transport and railway services around the globe—offering travelers 50,000 activities and services provided by 5,000 industry partners in 200 destinations worldwide. Since closing its $60 million Series C fund last year, the company has opened offices in London and Amsterdam, and now employs 600 people across 16 offices around the world. According to the company, Klook is on track to achieve $1 billion annual bookings in 2018.
The investment will be used to further strengthen Klook’s position as a global player in the travel sector, and accelerate its expansion in the U.S. and Europe, including product growth and technology innovation.