Travel activity booking platform, Klook, on Tuesday announced it has raised $225 million in series D plus funding. With the new capital raise, the company’s total series D funding round -- led by the SoftBank Vision Fund -- reached $425 million, according to a statement issued by the company.
With the additional funding, Klook plans to scale its operations into new geographies and continue to expand in its existing Asian markets.
“Our vision is to bring the world closer together by connecting the best of what a destination has to offer with travellers from all over the globe,” said Ethan Lin, CEO and co-founder of Klook.
The company plans to deepen its investments ahead of the 2020 Summer Olympics in Tokyo and will expand into additional Japanese cities to better serve both inbound and outbound visitors.
“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,” said Lydia Jett, Partner at SoftBank Investment Advisers.
Last year, the Hong Kong-based company expanded its global footprint into Australia, Europe and the US. It also entered into global partnerships with Shangri-La Hotels and Resorts.