Sequoia Capital China joins team of global leading investors as Klook further expands spectrum of in-destination services.
HONG KONG – Klook, Asia’s largest attractions, tours, and activities booking platform, announced it has raised US$30 million in Series B funding led by Sequoia Capital China. Existing investors including Matrix Partners, ex-Tencent executive-backed Welight Capital also participated with follow-on investments. The funds will further Klook’s global expansion efforts to offer one-stop booking for travelers to enjoy everything from attractions, tours and activities to local transfers, dining experiences, shopping, etc. Founded in late 2014, Klook’s team of investors already includes some of the world’s leading venture capitalists.
“Scale advantage is a prominent element in the travel industry, especially within the highly fragmented in-destination sector,” said Neil Shen, Founding and Managing Partner of Sequoia Capital China. “With combined strengths in transaction and community, Klook has become a proven leader in Asia. We’re happy to join the company on this exciting journey going forward.“
“Ever since our initial investment, the Klook team has demonstrated great business judgment backed by sound execution,” added David Zhang, Founding Managing Partner of Matrix Partners. “Having witnessed the rapid growth of the business, we are convinced that Klook has firmly established itself as the clear winner in this space and we’re pleased to continue our support.“
Klook’s platform covers over 80 popular destinations in Asia and beyond, providing more than 10,000 attractions, tours, and activities. Last year, the company helped travelers book a record 5 million trips. To support this growth, Klook has developed into a team of over 200 staffers based in 8 offices across Asia.
“Klook is shaping the way people discover destinations and customize itineraries,” said Ethan Lin, CEO & Co-Founder of Klook. “Over the past two years, we’ve been tirelessly reinventing the supply chain and innovating our UI to create a seamless booking experience for millions of users. Now with a few clicks or taps, the travel services you need and the activities you seek will all be at your fingertips.”
Looking ahead, Klook will be broadening its scope of operations beyond Asia to meet the spending power and growing appetite of Asian travelers. The company is confident that as travelers make more mid to long-haul journeys out of the region, there will be a significant demand to access everything a destination has to offer on one consolidated platform.
“We are proud of our achievements in the attractions, tours and activities segment, and now we are expanding the spectrum of our in-destination offers,” said Eric Gnock Fah, COO & Co-Founder of Klook. “After seeing great results in our newly launched local transfer & wifi vertical, we are enthusiastically diving deeper into the in-destination ecosystem to offer a wider array of services, from dining and wellness experiences to shopping deals, for travelers to enjoy wherever they go.“
Besides building a bigger portfolio of experiences and services, Klook is also developing the largest collection of travel videos in the industry. From original content to exploring new formats like 360 or VR videos, the team at Klook will be focused on creating an engaging discovery and booking experience on all of its platforms.
Angelos is the news editor for TravelDailyNews Media Network (traveldailynews.gr, traveldailynews.com and traveldailynews.asia). His role includes to monitor the hundrends of news sources of TravelDailyNews Media Network and skim the most important according to our strategy. He currently studies Communication, Media & Culture in Panteion University of Political & Social Studies of Athens.
