Klook, a Hong Kong-based travel and leisure booking platform, raised US$200m in Series E funding.
The round was led by Aspex Management, an investment fund focused on Asia Pacific, in addition to other new investors. Sequoia Capital China, Softbank Vision Fund 1, Matrix Partners China, and Boyu Capital, who are existing investors, also participated in this round.
The company intends to use the funds to consolidate its position as a leading travel technology player in the region and develop and roll-out its merchant Software-as-a-Service (SaaS) solutions.
Founded in 2014 by Ethan Lin, CEO, and Eric Gnock Fah, COO, Klook is a travel and leisure booking platform which enables users around the world to discover and book the best experiences and services anywhere, anytime. It provides a seamless way for users to explore popular attractions, tours, local transportation, food and beverage, and unique experiences at home or around the world on its website and app. The company’s services are available in 14 languages, supporting 41 currencies.
During the past year, Klook re-prioritized its core strategic strengths focusing on two main areas – digitizing the experiences booking sector, and launching new verticals such as staycations and car rental.
In the second half of 2020, the company piloted tools such as a Contact Tracing System, Attractions Plus, and Klook Live!, and forged partnerships with tourism boards such as the Hong Kong Tourism Board, Japan National Tourism Organization, Korea Tourism Organization, Singapore Tourism Board, and the Tourism Authority of Thailand among others.