Klook secures US$200m in funding, eyes global expansion

Klook secures US$200m in funding, eyes global expansion

Klook has announced $200 million in Series D financing from investors Sequoia China, TCV, Matrix Partners, Goldman Sachs, Boyu Capital, and an Asia-based sovereign wealth fund and family offices.

The new financing, bringing the company’s total financing raised to date to $300 million, will help as Klook launches its popular in-destination travel services booking platform in the US and Europe, with its expanded offices in London and Amsterdam, and its future offices in the US.

Klook, founded in 2014 by Ethan Lin, Eric Gnock Fah and Bernie Xiong, is one of the world’s fastest-growing platforms for helping people everywhere book in-destination services, tours, activities and must-eats via desktop or mobile app.

Launched first in Asia, Klook is estimating close to $1 billion in bookings in 2018 before officially launching into new markets like the US and Europe.

Today, Klook offers more than 50,000 activities and services offered by over 5,000 travel service operators at 200+ destinations worldwide to the millions of people who visit the Klook.com site or use the mobile app.

Offering eight languages, 36 currencies, and 24/7 customer service, Klook is on its way to becoming the global marketplace for the world’s best in-destination travel experiences.

“Eric, Bernie and I founded Klook as a way to take the stress and guesswork out of what to do and see when you travel for extended vacations or a few hours of business downtime,” said Ethan Lin, chief executive of Klook.

“When we started, we never could have envisioned what a major need this was in the market.

“We now receive more than 16 million online visits on the Klook web site or mobile app on a monthly basis.

“We’re excited to team with TCV and our existing investors to bring this same experience to travellers in the US and Europe.”