Klook, an online travel startup based in Hong Kong, has secured $225 million in an extended Series D funding round led by SoftBank Vision Fund.
According to a statement, this brings Klook’s Series D round total to $425 million. The investors participating in this round include Sequoia China, Matrix Partners, TCV and OurCrowd.
Klook last announced raising $200 million in its Series D round in August, which included investors such as Goldman Sachs, Boyu Capital, an unnamed Asia-based sovereign wealth fund and family offices.
“Our vision is to bring the world closer together by connecting the best of what a destination has to offer with travelers from all over the globe,” said Klook CEO and co-founder Ethan Lin.
Klook will use the extra funding to scale its operations in new geographies and deepen its reach into existing Asian markets. Japan will be a key market for the firm ahead of the 2020 Summer Olympics in Tokyo. Klook said it plans to expand into additional Japanese cities to serve inbound and outbound tourists.
“We believe Klook is a leader in taking a mobile-first approach to the travel activities and services industry,” said Lydia Jett, Partner at SoftBank Investment Advisers. “The company has seen great success in scaling its business across different geographies and cultures, and we are excited to help them drive further innovation in the global travel industry.”
Over the last year, Klook has expanded its footprint into Australia, Europe and the United States.
It currently has users in over 100 markets including Hong Kong, Singapore, South Korea, Thailand, Indonesia, Vietnam, Malaysia, Japan, Philippines, Taiwan and Mainland China.