TechCrunch: GetYourGuide Bags $50M To Grow Its Travel Activities Booking Platform
By Natasha Lomas
November 13, 2015
GetYourGuide, which plays in the global travel space with a desktop and mobile platform for finding and booking holiday activities to make it easier for people to put meat on the bones of a forthcoming trip, has announced it’s closed a $50 million Series C round, led by New York-based global investment firm KKR.
GetYourGuide’s existing investors Spark Capital, Highland Capital Partners and Sunstone Capital also participated in the round, along with new investor Nokia Growth Partners. The new financing takes GetYourGuide‘s total raised to just under $100 million.
The Berlin-based startup, which was founded back in 2009, last raised in July 2014, when it took in a $25 million Series B round to expand into more markets.
The latest round of financing will also be focused on accelerating growth globally, with CEO and co-founder Johannes Reck blogging about the team’s “long term vision [to] change a lot more travel experiences for the better”.
“The funding will be used for international expansion and further developing our mobile product, which is growing gangbusters,” he added in an email to TechCrunch.
“The company has a tremendous opportunity to take the clear leadership position in the fast growing large market for digital leisure travel,” said KKR’s Philipp Freise, commenting on the funding in a statement.
GetYourGuide’s one-stop-shop approach for finding and booking activities to do while on vacation — such as tours and fast-track tickets for attractions — currently covers some 27,800+ activities in more than 2,500 destinations around the world. That’s up from around 25,000 activities in 2,400+ destinations back in July 2014.
So far this year, Reck said that “close to two million people” have used the service, which has more than five million monthly unique visitors at this point.
To read the original story, go here: https://techcrunch.com/2015/11/13/getyourguide-series-c/