South Korea’s online travel platform MyRealTrip has received 43.2 billion won ($36 million) in a funding round led by existing investor Altos Ventures along with IMM Investment and Smilegate Investment, Korean Investors reported.
News investors including Korea Development Bank, Singapore-based Axiom Asia Private Capital, France-based Partech Partners, and US-based Tekton Ventures also participated in the round.
MyRealTrip, a travel tech company that started with a focus on tour guides and ticket/pass sales, is now growing into a full-service online travel platform offering hotel reservations and flight bookings.
Since its inception in 2012, the company has raised 82.4 billion won ($68.6 million) to date, according to media reports.
Altos Ventures invests in early-stage tech companies and currently has over $3 billion in assets under management.
Smilegate Investment is the corporate venture capital arm of South Korean game developer Smilegate, the creator of Crossfire – an online first-person shooter (FPS) available in 80 countries with 650 million registered players.
The investment firm is planning to launch a second country-focused fund this year.
Last year, South Korea’s accommodations booking service provider Yanolja joined the unicorn rank after securing $200 million in its Series D funding round backed by Singapore sovereign wealth fund GIC Pte Ltd and US firm Booking Holdings.