Klook Completes US$425M Series D Funding With New Capital Raise Led By Softbank Vision Fund - GADGETS AND INNOVATIONS

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Tuesday, April 9, 2019

Klook Completes US$425M Series D Funding With New Capital Raise Led By Softbank Vision Fund


Investment to accelerate global expansion and expand service offerings

Klook, a world-leading travel activities and services booking platform, today announced 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. This represents the largest financing in the global travel activities and services industry.



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, 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 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.

Klook continues to see success in its mobile-first strategy. In 2018, trip bookings on mobile devices tripled and accounted for over 75% of total bookings. 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.




INDIA, APRIL 9, 2019

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