GetYourGuide said it has raised $194 million of equity and debt financing from investors including UniCredit, Blue Pool Capital and KKR.
The online travel startup, which is backed by SoftBank, is now worth nearly $2 billion following the fresh round of funding, according to a person familiar with the matter.
The Berlin-based company said Thursday it had raised the funding through a mix of equity and debt, with $85 million of equity investment being led by U.S. asset management firm Blue Pool Capital.The investment values the company at nearly $2 billion, up from GetYourGuide's last publicly-disclosed valuation of $1.4 billion, according to a person familiar with the matter. Existing investors KKR and Temasek invested again in this round.
GetYourGuide's product differs from those offered by some other major players in the online travel space. Rather than advertise hotels, flights and other forms of transportation, GetYourGuide sells its users experiences and things to do in unexplored places. The company has seen a massive jump in demand for its platform with travel returning back to normal following the ending of Covid-19 restrictions and the resumption of normal cross-border transportation.
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