SoftBank Group-backed booking service provider Klook Travel Technologies has raised $210 million in a funding round, the company said in a statement on Thursday. The Hong Kong-based startup seeks to expand as travel has recovered post the COVID-19 pandemic.
The financing round was led by Bessemer Venture Partners, and participated by other investors including BPEA EQT, Atinum Investment, Golden Vision Capital, and Thailand's Kasikornbank and Bank of Ayudhya. Klook said it has secured bank credit from Citibank, JPMorgan Chase, and HSBC.
The major travel and experience booking platform said (in Chinese) it has reached overall profitability for the first time since its inauguration in 2014. Klook has launched its booking service on Xiaohongshu, a popular social sharing app for young Chinese consumers.