Berlin, Germany-based provider of a platform for discovering and booking travel experiences, GetYourGuide raised USD 194 million in recent financing. The round took place on June 1, 2023. The financing is a mixture of equity and credit. Blue Pool Capital led the USD 85 million Series F funding round. KKR and Temasek also joined in the funding.
UniCredit led the Revolving Credit Facility (RCF) of USD 109 million. Besides, BNP Paribas, Citi and KfW provided the investment.
Purpose of financing for GetYourGuide
With the latest financing, GetYourGuide seeks to expand its marketplace in key geographies such as North America.
It also has plans to fuel product innovation for both travellers as well as experienced creators globally. Meanwhile, the investment paves the way for innovation for travellers and supply partners, leveraging the rapidly progressing capabilities of AI and Large Language Models (LLMs).
In addition, the acceleration of product investment enables travellers to make the most of their travels. It further empowers supply partners to manage and grow their businesses on the platform with intuitive tools.
What the company’s officials have to say
Johannes Reck, CEO and co-founder of GetYourGuide said, “In the current market, we view this as a vote of confidence from our investors who believe passionately in unlocking unforgettable experiences for travellers around the globe. We are still early in the transformation of our category and the larger $300 billion category and the even larger $1.5 trillion experiences market. And our technology is poised to help drive innovation and growth for our partners and customers alike.”
What the investors have to add
In addition, Oliver Weisberg, CEO of Blue Pool Capital, said, “There is immense opportunity in the digitization of the experiences industry, and we believe GetYourGuide’s global leadership and market-leading customer-centricity in the category stems from its deep expertise in this complex space. We believe GetYourGuide is uniquely positioned to be the global leader in the category; we are pleased to lead the equity financing given the strength of the business.”
About the company
Johannes Reck, Tao Tao, Martin Sieber and Tobias Rein launched the company in 2009. Currently, the company offers more than 75,000 activities from over 16,000 experience creators. Since its inception, travellers from more than 150 countries have booked more than 80 million tours, activities and attraction tickets through GetYourGuide. The company boasts 700 travel and tech experts globally working for its platform. It also has 17 local offices around the world (including the UK and USA).
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