The travel activities and booking platform raised US$225 million, rounding up the total fund at US$425 million

Klook, a travel activities, and services booking platform, has announced the additional US$225M it raised in Series D+ funding, rounding up the funding to US$425 million. The SoftBank Vision Fund led the round with participation from existing investors such as Sequoia China, Matrix Partners, TCV, and OurCrowd.

Klook said that it will use the funding to scale its operations into new geographies and continue to expand in its existing Asian markets, like in Japan, where the lead investor is based and to prepare ahead of the 2020 Summer Olympics in Tokyo.

“Our vision is to bring the world closer together by connecting the best of what a destination has to offer with travelers from all over the globe,” said Ethan Lin, CEO and Co-Founder of Klook.

Klook was established four years ago in Hong Kong, and it claimed that it has become the most searched travel activities and services company on Google, leveraging on mobile-first strategy. Last year, the company expands to Australia, Europe, and the United States and partnered with Shangri-La Hotels and Resorts, and the representative of more than 50 railroads throughout Europe, Rail Europe.

Klook works by giving travelers an option to discover and book popular attractions, tours, local transportation, best foods, and unique experiences around the world on its website and app. Klook’s technologies allow travelers to book on-the-go and redeem the services by using QR codes or e-voucher.

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In 2018, trip bookings on mobile devices tripled and accounted for over 75 per cent of total bookings, playing a role in Klook’s significant growth momentum.

“We believe Klook is a leader in taking a mobile-first approach to the travel activities and services industry,” said Lydia Jett, Partner at SoftBank Investment Advisers.

To date, Klook claimed that it has empowered travelers to have spontaneity in traveling through over 100,000 offerings in more than 270 destinations.
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