Consumer, Industry, Investment, Venture Capital

Sequoia Capital China, Boyu Capital Lead $200M Series D Round In Travel Booking Platform Klook

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Sequoia Capital China and Boyu Capital have led a US$200 million series D round in Klook, a Hong Kong-based full-service in-destination booking platform.

Matrix Partners, Goldman Sachs, TCV, an Asia-based sovereign wealth fund OurCrowd, and some family offices also participated in the round, according to Klook’s announcement. The new round brings the company’s total financing to US$300 million.

Founded in 2014, Klook’s platform covers attractions, tours, and local experiences as well as local transport and railway services around the globe. It offers travelers more than 50,000 activities and services provided by over 5,000 industry partners in more than 200 destinations worldwide.

Last year, the company raised a US$60 million series C round led by Sequoia Capital China, Matrix Partners and Goldman Sachs. Since then, the company has opened offices in London and Amsterdam, and currently employs more than 600 people across 16 offices around the world.

"By leveraging their strength in digitally transforming their suppliers of tours and activities and tapping into the new generation of mobile-first travelers, Klook is emerging as the clear leader in the online tours and activities sector," said Neil Shen, founding and managing partner of Sequoia China. "We look forward to seeing Klook help more and more travelers connect to suppliers, and become a key source of inbound demand for Asia and beyond."

Klook will continue to expand its global footprint, with plans to open an office in the US by the end of 2018. The company will also be adding more US and Europe-based curated activities and services onto the platform to fulfill an increasing demand from Asian travelers for diverse and unique in-destination experiences. It will look to bring more US and European travelers to Asia.

 


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