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Softbank closes in on investment for GetYourGuide

02/18/2019| 1:09:59 PM| 中文

The deal could make GetYourGuide Germany’s latest “unicorn” - a startup with a valuation of more than $1 billion.

Softbank is closing in on an investment in German online travel guide and booking website GetYourGuide.

The company is expected to make an announcement about the deal in the coming months. A venture capital industry source said the Softbank-led round has already been closed.

Founded in 2009, GetYourGuide has grown rapidly as part of a wave of well-funded travel websites. It has raised a total of $170m, including $75m in December 2017 from investors including US venture capital firm Battery Ventures and private equity giant KKR.

Founded in 2009, GetYourGuide lets travelers book tours and trips in 7,500 locations and has grown to 475 staff.

The deal could make GetYourGuide Germany’s latest “unicorn” - a start-up with a valuation of more than $1bn.

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TAGS: GetYourGuide | Softbank | investment
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