Wego raises US$17 million for brand enhancement

TRAVEL metasearch engine Wego.com is set to step up investment in product and innovation, grow its team of top talents, and scale marketing to grow the Wego brand, having secured US$17 million in capital growth through the completion of a Series C preferred share offering.

This latest round of investment, led by Crescent Point with contributions from Victoria Capital and existing investor Tiger Global, raises Wego’s total capital to US$36 million.

With this latest move, Victoria Capital’s Paul Bassat and a representative of Crescent Point have joined Wego’s board of directors.

Wego has been on a roll this year, opening a Middle East and North Africa headquarters in Dubai (TTG Asia e-Daily, February 7, 2013 - http://www.ttgasia.com/article.php?article_id=20422 ) and a Bengaluru office (TTG Asia e-Daily, February 18, 2013 - http://www.ttgasia.com/article.php?article_id=20460) in February.

Sourced: ttgasia