Travel activities platform Klook receives SoftBank funding
9 April 2019 6:30 PM GMT
Klook, a Hong Kong-based booking platform for in-destination tourism services, has announced the completion of a Series D+ funding round worth US$225 million led by SoftBank Vision Fund. The startup said in a press statement that the new financing will allow the online platform to scale up its operations, helping it expand into new geographies?
- The startup said in a press statement that the new financing will allow the online platform to scale up its operations, helping it expand into new geographies while also bolstering its presence in its existing Asian markets, in particular, Japan, which has been one of Klook's most important markets, and is also the headquarters of SoftBank Group.
- Founded in 2014 by Gnock Fah and Ethan Lin, Klook is dedicated to giving travelers access to popular attractions, experiences and services, like visits to adventure parks, scuba diving, and localized tours, with its mobile- and online-based platform.
- The latest fundraising comes after Klook completed a US$200 million Series D funding round in August last year, at a valuation of over US$1 billion, saying it aims to use the capital towards business development in the US and Europe, and to expand partnerships with travel service suppliers.