KLOOK ready for further expansion and innovation with $200 million funding
The company is on track to achieve $1 billion annual bookings in 2018.
KLOOK, a world-leading full-service in-destination booking platform, today announced it has closed USD 200 million in Series D funding, bringing its total financing to date to USD 300 million. This makes KLOOK the most-funded company in the tours and activities sector globally.
Investors in this round include Sequoia China, Matrix Partners, Goldman Sachs, Boyu Capital, TCV, an Asia-based sovereign wealth fund, OurCrowd, and some family offices. Sequoia China, Matrix Partners and Goldman Sachs also led the Series C in October 2017.
The investment further strengthens KLOOK's position as a global player in the travel sector, and accelerates its expansion in the US and Europe, including product growth and technology innovation.
From left to right: Di Liu, CPO; Xiaokang Xiong, CTO; Anita Ngai, CRO; Eric Gnock Fah, COO and Zhaowei Lin, CEO
Since closing its USD 60 million Series C fund last year, the company has opened offices in London and Amsterdam, and now employs more than 600 people across 16 offices around the world. The company is on track to achieve USD 1 billion annual bookings in 2018.
KLOOK will continue to expand its global footprint, with plans to open an office in the US by the end of 2018. The company will also be adding more US and Europe-based curated activities and services onto the platform to fulfill an increasing demand from Asian travelers for diverse and unique in-destination experiences . Simultaneously, KLOOK will look to bring more US and European travelers to Asia, supporting the company's long-term vision of serving travelers worldwide to easily discover destinations that are both popular and unique.
KLOOK has been a pioneer in driving travel innovation, developing travel operator solutions such as the Merchant App and QR-code based e-voucher redemption. KLOOK's technology solutions have been widely recognized and adopted by its merchant partners including world-renowned attractions, mass railway transit and other offline service operators.
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