Hong Kong-based travel booking platform Klook has announced that it has raised $200 million in a Series D round joined by investors Sequoia China, Matrix Partners, Goldman Sachs, Boyu Capital, TCV, an Asia-based sovereign wealth fund, OurCrowd, and family offices.
The company will use the newly-raised funding to accelerate its expansion in the US and Europe and grow its tech and platform. The startup said that it will open an office in the US by the end of this year. It also wants to add more diverse and unique travel activities in Europe and the US to cater to the growing Asian traveller market as well as curate tours and experiences for Western travellers going to Asia.
Founded in 2014, Klook offers attractions, tours, and local experiences as well as local transport and railway services. It offers travellers more than 50,000 activities and services provided by over 5,000 industry partners in over 200 destinations worldwide. Some of Klook’s more recognisable offerings include renowned attractions such as Disneyland and Universal Studio.
Eric Gnock Fah, COO and Co-Founder of Klook, in a press statement, “We are committed to using innovative technologies to help digitize the tours and activities industry. The new funding will help us deepen our partnership with merchants through more technological solutions that bring new sources of customers and optimize operational efficiencies.”
Klook closed a $60 million Series C round in October last year, giving it a combined war chest of $300 million to date.