October 27, 2021

Travel booking platform Klook raises US$200m to boost Saas Solutions for merchants

This Series E funding round was led by Asia Pacific-focused Aspex Management, along with other new investors.

Tricia Ang, Digital CFO Asia | 28 January 2021

Photo by Klook

Klook, a Top Travel Platform, raised $200 million in additional financing. Asia-Pacific-focused Aspex Management led the E-Series funding round, along with other new investors.  

With the latest round of funding, the total amount raised by the company since its founding in 2014 has exceeded US$720 million.

Klook’s existing investors Boyu Capital, Sequoia Capital China, Softbank Vision Fund 1 and Matrix Partners China also participated in this round of funding, according to a press statement by Klook on Tuesday, January 26.

Klook is aiming to speed up the production and roll-out of its merchant software as a service (SaaS) solution with the new financing. These solutions aim to bridge the gaps faced by merchants and help them to establish, oversee and expand their business with Klook.

The travel booking firm said its merchant SaaS solutions power millions of bookings for more than 2,500 merchants worldwide. By doubling down on its SaaS solutions, more merchants will be able to create a Klook-powered online storefront, supported by a backend engine that manages ticketing, distribution, inventory management, marketing, and more.