GetYourGuide has raised $US75 million just days after Asian tours & activities rival Klook picked up $US60 million in a frenzy of fund-raising for the sector, which is clearly the hottest in travel from an investor perspective right now.
“We are experiencing explosive growth this year and have stepped up to become the largest online booking platform for travel activities,” claimed Johannes Reck, CEO of GetYourGuide.
Reck says GetYourGuide, based in Berlin and strongest in Europe, recently breached the 10 million bookings mark, with almost 5 million bookings in 2017 alone.
“It’s our goal to significantly disrupt the in-destination travel experience in the years ahead, and the financing we’ve raised from both new and existing investors represents a vote of confidence in our progress toward capturing the massive market opportunity before us.”
New investor Battery Ventures led the Series D funding. KKR, Spark Capital, Highland Europe, Sunstone Capital and Nokia Growth Partners (NGP) also participated.
“The new capital will be applied towards international expansion and technological development,” the company said in a statement.
GetYourGuide offers more than 31,000 tours, activities and attractions. It employs 400+ staff in 11 countries.