With US$200m added to war chest, Klook plots ambitious global expansion

Travel activities and services booking platform Klook has secured an additional US$200 million funding from investors to accelerate its global expansion to Europe and the US this year.

This also marks the biggest round of funds raised, bringing its total financing to date to US$300 million. The expansion will take place in two ways – geographical expansion and category growth.

According to COO and co-founder, Eric Gnock Fah, the company closed a US$60 million Series C funding last October, which enabled it to make its foray into Europe by opening offices in London and Amsterdam early this year.

Fah added: “We see potential in the US and Europe (markets), especially with outbound travellers coming to Asia as there are a lot of things happening in the region, for instance the Tokyo Olympics and the (recently concluded) World Cup in Russia.”

He remarked that while the last funding helped Klook to expand globally, the additional US$200 million funding now enables the company to beef up its growth plans.

“We are in the process of setting up offices on the US’ east coast now, (and they will be) most likely in Boston and New York. This global expansion not only targets travellers heading to Asia, but also Asia’s outbound travellers to longhaul destinations, for instance Europe, where we’ve received many enquires,” Fah shared.

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