Klook Completes $425 Million in Series D Funding
Travel activities and services booking platform Klook raised $225 million in Series D+ funding, increasing the company’s total Series D funding round to $425 million. The SoftBank Vision Fund led the round, with participation from existing investors Sequoia China, Matrix Partners, TCV, and OurCrowd. This represents the largest financing in the global travel activities and services industry.
According to the Hong Kong-based company, in just four years, Klook has become the most searched travel activities and services company on Google, expanding its global footprint into Australia, Europe, and the United States. Klook also entered into global partnerships with luxury hotel group Shangri-La Hotels and Resorts, and Rail Europe, a distributor of European rail products that represents 50 railroads throughout Europe.
Klook plans to use the funding to 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.