Sequoia Leads US$30 Million Series B for Klook Travel
Thursday, March 02, 2017
(Press Release) – Klook, Asia's largest attractions, tours, and activities booking platform, today 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."
