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Online Travel

Klook Raises $200 Million to Expand Activity Bookings

Sean O'Neill photo
Sean O'Neill
Klook executive team activities

Photo Credit: Shown here are the executive team members of Klook, a Hong Kong-based tours and activities booking agency, which has raised $200 million in funding in a historic round for the sector. (From left to right) David Liu, chief product officer; Bernie Xiong, chief technology officer and co-founder; Anita Ngai, chief revenue officer; Eric Gnock Fah, chief operating officer and co-founder; Ethan Lin, CEO and co-founder. Klook

Skift Take

Given its new lofty valuation of more than $1 billion, Klook has become too expensive for most online travel companies to justify as an acquisition. But would a possible IPO within a few years be successful?

In what appears to be the largest funding round for a activities booking agency to date, Klook has closed a $200 million Series D funding round. Sequoia China, Matrix Partners, Goldman Sachs, Boyu Capital, TCV, and other investors participated in the round. The Hong Kong-based startup has raised $300 million to date. The current infusion gives Klook an estimated valuation of more than $1 billion, the company said. The $200 million round overtakes the previous record for investment in a tours and activities agency, namely GetYourGuide’s $75 million round in October 2017. Klook was founded in 2014 by CEO Ethan Lin, a former investment banker at Standard Chartered and Citibank; Eric Gnock Fah, chief operating officer, who was previously a banking analyst at Morgan Stanley and Atlantis; and Bernie Xiong, chief technology officer, who had previously been an engineer at MPayMe. Will Kloo

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