Travel services and experience booking platform Klook has secured $100 million in a fresh funding round led by international investment firm Vitruvian Partners, as the firm seeks to deepen its reach across the Asia-Pacific region.
The proceeds will help drive growth and innovation at Klook, as the travel tech platform rides on the resurgence of tourism in the APAC region, according to a company release on Wednesday.
Klook’s co-founder and president Eric Gnock Fah told Hong Kong financial news outlet Hong Kong Economic Journal in November 2024 that the firm “is ready to go public”, with Hong Kong or the US being the preferred destination.
Founded in 2014 with initial offices across Shenzhen, Hong Kong, and Taipei, the travel tech firm previously secured $210 million in an extended Series E funding round led by US-based VC firm Bessemer Venture Partners in December 2023.
BPEA EQT, the Asian private equity unit of Swedish investment firm EQT; and Asian investment firms including Seoul-based Atinum Investment and Shanghai-based Golden Vision Capital were among the participating investors of the extended Series E round.
Most recently, Taiwanese travel experience booking platform KKday, one of Klook’s competitors in the travel tech space, snapped around $70 million in a financing round in December 2024, roping in the likes of Japan government-backed Cool Japan Fund, Taiwan’s National Development Fund, and Taiwan-based venture capital firm Darwin.
