Destination booking service Klook closes $30 million round led by Sequoia
Travel experience reservation platform Klook announced on March 2 that it has raised USD 30 million in its B round funding, which had Sequoia Capital China as lead investor.
Destination booking platform Klook announced on March 2 that the company has received USD 30 million in its series B round funding, in which Sequoia Capital China was the lead investor. This adds to the USD 5 million raised in its series A round led by Matrix Partners in October 2015.
The Hong Kong-based travel firm targets Asia Pacific source markets and offers 10,000 tourism products of more than 80 popular destinations worldwide. The company also introduces outbound travel resources to the China market. Its full-service travel experience encompasses local attractions, special activities, WiFi service, transport tickets, dining and shopping.
The company has around 200 employees and eight offices in Hong Kong, Shenzhen, Taipei, Singapore, Seoul, Bangkok, Kuala Lumpur and Manila.
Its CEO and co-founder Ethan Lin said that the company has effectively leveraged its destination resources in the past two years to create a smooth booking experience for its users, and provide a one-stop platform for travelers to get services at destinations during their trips.
COO and co-founder Eric Gnock Fah said that the company has been offering integrated booking of local transport and dining for the past year, which is a step towards building a full-service destination platform.
Klook is also developing its own video base with rich destination experiences, created by its destination-based content creators and 300-plus travel experience experts sharing their original video posts that include 360-degree panoramic and VR clips. (Translated by Jerry)