Hong Kong’s travel and leisure booking platform Klook has closed a $200 million Series E funding round led by Aspex Management, with participation by Sequoia Capital China, SoftBank Vision Fund, Matrix Partners China and Boyu Capital, according to a press release.
“Despite a challenging 2020, we have shown our mettle, turning challenges into growth opportunities with agility and constant innovation,” Klook Co-Founder and CEO Ethan Lin said in the release. “We’ve observed over the past year that consumers have a pent-up desire to explore and enjoy themselves, despite international travel being paused.”
Lin added in the release that the new funds will help the company solidify its position as tourism slowly returns. During the past year, he said Klook quickly pivoted to meet the demands triggered by the pandemic. Klook concentrated on two main areas: digitizing the experiences booking sector