Funding

Klook Is The Newest 'Unicorn' After US$200M Funding - On Track To $1B In Bookings This Year

Hong Kong-based travel booking platform Klook has just raised US$200 million in Series D funding.

This brings its total financing to date to US$300 million, and has effectively made Klook the newest ‘unicorn’ in the stable.

Investors in the round include Sequoia China, Matrix Partners, Goldman Sachs, Boyu Capital, TCV, an Asia-based sovereign wealth fund, OurCrowd, and others.

Their Series C round, also led by Sequoia China, Matrix Partners and Goldman Sachs was in October 2017. They raised US$60 million then.

Klook will be using the funds to expand its global presence, and plans to open an office in the US by the end of 2018.

On top of that, they will also be adding more US and Europe-based activities and services on the platform to fulfill an increasing demand from Asian travellers.

An activity in Iceland on Klook

“Our mission is to empower travelers to build their own unique journey,” said Ethan Lin, CEO and Co-Founder of Klook.

“This round of funding marks an important milestone for us. The funding and extensive experience from our new investors will let us to further solidify our merchant portfolio and provide travelers with even more activities and destinations to explore around the world.”

The funds will also be used to further improve their Merchant App and QR-code based e-voucher redemption solutions.

“We are committed to using innovative technologies to help digitise the tours and activities industry,” Eric Gnock Fah, COO and Co-Founder of Klook, added.

“The new funding will help us deepen our partnership with merchants through more technological solutions that bring new sources of customers and optimise operational efficiencies.”

Founded in 2014 in Hong Kong, Klook currently offers more than 50,000 activities and services by over 5,000 industry partners in over 200 destinations worldwide.

Klook employs more than 600 staff across 16 offices around the world, and is on track to achieve US$1 billion annual bookings in 2018.

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