Tech Company Financing Transactions
Klook Funding Round
Klook, based in Sheung Wan, secured $210 million from Bessemer Venture Partners, Atinum Investment and Baring Private Equity Asia.
Transaction Overview
Company Name
Announced On
12/7/2023
Transaction Type
Venture Equity
Amount
$210,000,000
Round
Undisclosed
Investors
Proceeds Purpose
The company will allocate the new funds to three key areas for growth. Firstly, in product innovation, expanding its city pass offerings to enhance traveler convenience and savings. Secondly, by scaling social and digital marketing through the Klook Kreator program, driving conversions with authentic, social, user-generated content. Thirdly, by advancing innovation through continuous AI integration. The recent collaboration with Google Cloud will integrate Generative AI across the platform, covering automated translations, content generation, and customer service chatbot. The company will also collaborate with the new strategic investors in the region, to increase market share and boost growth, tapping into the fast-growing middle class in Southeast Asia.
Company Information
Company Status
Private & Independent
Industry
Internet & IoT
Mailing Address
235 Wing Lok St.
Sheung Wan, 11101
Hong Kong
Sheung Wan, 11101
Hong Kong
Phone
Website
Email Address
Overview
Japan's buzzing capital is synonymous with advanced technology, fascinating architecture and world-class foods. The sheer size of the city might take a number of days to navigate but as a longterm favorite for world's most liveable city, the longer you get sucked in to the frenzy of Tokyo, the harder it'll be to drag yourself away.
Management Team
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Where The Data Comes From
We do our best to report on all VC transactions involving tech companies. VC investment data records reported here are sourced from company press releases and news coverage. The data is sourced from VentureDeal.com, an affiliated venture.
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