GetYourGuide secures $50m for travel booking platform

GetYourGuide secures $50m for travel booking platform

GetYourGuide, which plays in the worldwide travel space with a desktop and mobile platform for discovering and booking vacation, has declared it has finalized a $50 million Series C round, by New York-based worldwide speculation firm KKR.

GetYourGuide’s recent shareholders Spark Money, Highland Money Companions and Sunstone Money in addition enjoyed in the around, along with brand new entrepreneur Nokia Growth Companions. The new financing takes GetYourGuide’s aggregate raised to just under of $100 million.

The Berlin-based startup, which was established in 2009, last brought up in July 2014, when it took in a $25 million Series B round to venture into more markets.

The most recent round of financing will likewise be centered around quickening development all inclusive, with CEO and prime supporter Johannes Reck blogging about the group’s “long term vision [to] change a lot more travel experiences for the better”.

“The funding will be used for international expansion and further developing our mobile product, which is growing gangbusters,” he added.

“The company has a tremendous opportunity to take the clear leadership position in the fast growing large market for digital leisure travel,” said KKR’s Philipp Freise.

GetYourGuide’s one-stop-shop tactic for discovering in addition to scheduling routines to accomplish on holiday — such as trips in addition to fast-track seat tickets for attractions — at the moment handles some twenty-seven, 800+ routines inside a lot more than 500 locations around the world. That’s upward by around 25,000 routines inside two, 400+ locations last September 2014.

So far this year, Reck told that “near two million peoples” have utilized the services, which has more than five million month to month one of an unique Landmark at this point of time.