Total amount raised
$1 Billions
Latest funding date
2/1/2025
Location
Klook has successfully raised significant funding through multiple rounds, including a Series F round, with backing from 21 investors such as Vitruvian Partners and HSG. The platform connects travelers with a wide range of experiences and attractions, offering services like tours, theme park tickets, and transportation options.
Keep reading to explore the intricacies of Klook's fundraising journey and the investors backing this innovative platform.
What Is Klook?
Klook, founded in 2014 by Bernie Xiaokang Xiong, Eric Gnock Fah, and Ethan Lin, is a travel and leisure booking platform based in Singapore. The company connects travelers with a wide range of experiences and attractions, offering services like tours, theme park tickets, and transportation options.
With a workforce of 1001-5000 employees, Klook aims to make travel more enjoyable and accessible by providing easy booking options and exclusive discounts. The platform offers nearly 500,000 popular attractions, hotel packages, and unique travel experiences.
From local activities to WiFi and SIM cards, Klook ensures a hassle-free travel experience with features like quick booking, queue-free entry, and free cancellations. The company continues to innovate, making it a go-to platform for travelers worldwide.
How Much Funding Has Klook Raised?
- Seed Round
- Amount Raised: $1.5M
- Date: December 2014
- Lead Investors: Welight Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the platform and develop initial offerings.
- Series A
- Amount Raised: $5M
- Date: October 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's reach and enhance service offerings.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: August 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing growth and market penetration.
- Series B
- Amount Raised: $30M
- Date: March 2017
- Lead Investors: HSG
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enter new markets.
- Series C
- Amount Raised: $60M
- Date: October 2017
- Lead Investors: Goldman Sachs, HSG
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance technology and expand service offerings.
- Series D
- Amount Raised: $200M
- Date: August 2018
- Lead Investors: HSG
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To solidify market position and drive international expansion.
- Series D
- Amount Raised: $225M
- Date: April 2019
- Lead Investors: SoftBank Vision Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and enhance technological capabilities.
- Series E
- Amount Raised: $200M
- Date: January 2021
- Lead Investors: Aspex Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To recover from the pandemic impact and innovate new travel solutions.
- Series E
- Amount Raised: $210M
- Date: December 2023
- Lead Investors: Bessemer Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand beyond Asia Pacific and attract Western travelers.
- Series F
- Amount Raised: $100M
- Date: February 2025
- Lead Investors: Vitruvian Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To strengthen market leadership and scale for the next decade.
Total Amount Raised: $1.2315B. Current Valuation: Not publicly disclosed.
Key Investors
- Vitruvian Partners
- Details: Vitruvian Partners is a global growth investment firm with offices in multiple cities including London, Stockholm, and Singapore. They manage approximately $20 billion in active funds and are known for backing high-growth, category-defining companies.
- Investment Focus Areas: High-growth companies, category-defining companies, travel sector, digital transformation, global businesses.
- Notable Investments: Just Eat, Skyscanner, Wise.
- HSG
- Details: HSG is a prominent investment firm that has been a consistent backer of Klook through multiple funding rounds. They focus on providing strategic support to high-potential companies in various sectors.
- Investment Focus Areas: Technology, consumer services, healthcare.
- Notable Investments: Not publicly disclosed.
- SoftBank Vision Fund
- Details: SoftBank Vision Fund is one of the largest technology-focused investment funds globally, managed by SoftBank Group Corp. They have a significant presence in the tech investment landscape.
- Investment Focus Areas: Technology, telecommunications, energy.
- Notable Investments: Uber, WeWork, ByteDance.
- Bessemer Venture Partners
- Details: Bessemer Venture Partners is a leading venture capital firm with a history of investing in early-stage and growth-stage companies. They have a diverse portfolio across various industries.
- Investment Focus Areas: Technology, healthcare, financial services.
- Notable Investments: LinkedIn, Shopify, Pinterest.
- Aspex Management
- Details: Aspex Management is an investment firm that focuses on long-term growth opportunities in the Asia-Pacific region. They have a strategic approach to investing in high-growth sectors.
- Investment Focus Areas: Technology, consumer, healthcare.
- Notable Investments: Not publicly disclosed.
What's Next for Klook?
As Klook sets its sights on expanding beyond the Asia Pacific, the opportunities are vast. The company aims to attract Western travelers by leveraging its strong supply chain and enhancing customer experiences through an AI partnership with Google Cloud. With the Asia Pacific region contributing significantly to the global economy, Klook's focus on digital transformation and collaboration with tourism boards positions it well for growth.
Future fundraising seems promising, especially with the backing of Vitruvian Partners and other major investors. However, challenges such as intense competition from established players like Viator and GetYourGuide, and the need to adapt to evolving traveler preferences, could pose hurdles. Maintaining profitability while scaling operations will be crucial as Klook navigates its ambitious expansion plans.
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