Country for PR: Hong Kong
Contributor: PR Newswire Asia (Hong Kong)
Tuesday, April 09 2019 - 17:10
AsiaNet
Klook Completes US$425M Series D Funding with New Capital Raise led by Softbank Vision Fund
HONG KONG, April 9, 2019 /PRNewswire-AsiaNet/ --

Investment to accelerate global expansion and expand service offerings


Klook (https://www.klook.com/en-US/), 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.

Photo - https://photos.prnasia.com/prnh/20190408/2427202-1

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. 

"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. 

"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 of Klook.

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.

"We believe Klook is a leader in taking a mobile-first approach to the travel 
activities and services industry," said Lydia Jett, Partner at SoftBank 
Investment Advisers. "The company has seen great success in scaling its 
business across different geographies and cultures, and we are excited to help 
them drive further innovation in the global travel industry."

About Klook

Founded in 2014, Klook is a world leading travel activities and services 
booking platform. Klook gives travelers a seamless way to discover and book 
popular attractions, tours, local transportation, best foods, and unique 
experiences around the world on its website and award-winning app (consecutive 
Best of Year awarded by Google Play and Apple App Store). With Klook's 
innovative technologies, travelers can book on-the-go and redeem the services 
by using QR codes or e-voucher. Each day, Klook empowers countless travelers to 
indulge in their wanderlust and spontaneity through over 100,000 offerings in 
more than 270 destinations.

With a team of more than 1,000 across over 20 offices worldwide, Klook's 
services are available in nine languages, supporting 41 currencies. It has 
raised over US$520 million investment from world-renowned investors including 
Sequoia Capital, Softbank Vision Fund, Matrix Partners, Goldman Sachs, and TCV. 
Get inspired by Klook at www.klook.com, the company blog 
(https://www.klook.com/blog/) or @Klook 
(https://www.facebook.com/klookglobal/). 

To download photos and other press materials: link 
(https://drive.google.com/open?id=18D92CkD6g4LD3M40LhKG_m-lSp78GA3s)

To learn more about our investors, please visit:        
Softbank Vision Fund: https://visionfund.com/ 
Sequoia China: www.sequoiacap.com/china/en/ 
Matrix Partners: www.matrixpartners.com.cn 
TCV: https://www.tcv.com/ 
OurCrowd: www.ourcrowd.com/ 

For media enquiries, please contact:

press@klook.com 

SOURCE Klook

Image Attachments Links:

   Link: https://iop.asianetnews.net/view-attachment?attach-id=333605

   Caption: Klook’s Co-Founders (from left to right): Eric Gnock Fah, COO & 
Co-Founder; Ethan Lin, CEO & Co-Founder; Bernie Xiong, CTO & Co-Founder

Attachments
Klook.jpg
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