Asian travel activity booking site Klook bags US$5 million to ramp up portfolio as its 50 per cent discounts prove a winner
Friday, October 16, 2015
(SMCP by Alice Woodhouse) – Hong Kong-based travel activity booking platform Klook has secured US$5 million in a Series A funding round led by US venture capital firm Matrix Partners, the company announced on Friday.
Klook, which offers tried and tested activities and tickets to attractions in Asia to more than 500,000 users, also drew investment from China Growth Capital and Hong Kong’s “father of the red chips” Francis Leung Pak-to, the chairman for Greater China of CVC Capital Partners.
Klook said it will use the money to increase its portfolio of activities and destinations while also enhancing its technology.
“Five out of the top 10 most visited cities in the world are in Asia -‐Hong Kong, Singapore, Seoul, Kuala Lumpur, Bangkok,” said‐Klook co-‐founder Ethan Lin.
