GetYourGuide Raises $75 Million To Expand Global Marketplace for Travel Activities
(Thomson Reuters ONE) -
Global technology investment firm Battery Ventures leads Series D funding round;
General Partner Itzik Parnafes joins GetYourGuide Board of Directors
BERLIN, Nov. 02, 2017 (GLOBE NEWSWIRE) -- GetYourGuide, the largest online
booking platform for travel activities, today announced it has closed a $75
million Series D funding round led by Battery Ventures, a global technology-
focused investment firm. Battery Ventures is joined in the funding round by all
of GetYourGuide's existing venture partners, including KKR, Spark Capital,
Highland Europe, Sunstone Capital and Nokia Growth Partners (NGP). The new
capital will be applied toward international expansion and technological
development as GetYourGuide strengthens its position as the global market leader
for tours, activities and attractions.
The funding comes at a time of unprecedented momentum for GetYourGuide, which
this summer crossed the threshold of 10 million tickets booked, with nearly half
of those booked in 2017 alone. The in-destination activities segment of the
global tourism industry, which now represents a $135 billion market and accounts
for 10 percent of global leisure travel revenue, is growing at a similar clip:
recent estimates project that the global market for tours and activities will
reach $183 billion by 2020, and that online bookings within the segment will
more than double from 2015 levels. 1
"We are experiencing explosive growth this year and have stepped up to become
the largest online booking platform for travel activities," said Johannes Reck,
CEO of GetYourGuide. "It's our goal to significantly disrupt the in-destination
travel experience in the years ahead, and the financing we've raised from both
new and existing investors represents a vote of confidence in our progress
toward capturing the massive market opportunity before us."
As part of Battery Ventures' lead investment in the funding round,
GetYourGuide's Board of Directors has been strengthened with the addition of
General Partner Itzik Parnafes. An Israeli-born entrepreneur and investor,
Parnafes brings a decade of experience in advising technology-focused businesses
across a diverse array of industries.
"The company has already made significant progress in carving out a large and
high-profile niche in the European travel market," said Parnafes. "I'm looking
forward to working closely with the Board to support its efforts to capitalize
on what I think is a very exciting segment of global tourism."
GetYourGuide is the latest addition to Battery's portfolio of travel software,
experience and marketplace companies, which it has built over the past decade
and a half across the U.S. and Europe.
About GetYourGuide
As the largest online booking platform for travel activities, GetYourGuide
powers access to more than 31,000 tours, activities and attractions in upwards
of 7,300 destinations around the world. From Skip-the-Line tickets to the Eiffel
Tower to shark diving in Cape Town, GetYourGuide offers things to do for every
traveller, both on its own site and in partnership with premier travel brands
worldwide. Headquartered in Berlin, GetYourGuide employs more than 400 people
across its offices in 11 countries. For additional information about
GetYourGuide, please visit the company's website at www.getyourguide.com.
About Battery Ventures
Battery strives to invest in cutting-edge, category-defining businesses in
markets including software and services, Web infrastructure, consumer Internet,
mobile and industrial technologies. Founded in 1983, the firm backs companies at
stages ranging from seed to private equity and invests globally from offices in
Boston, the San Francisco Bay Area, Tel Aviv and London. Follow the firm on
Twitter (at)BatteryVentures, visit www.battery.com and find a full list of
Battery's portfolio companies here.
Press Contact
Will Gluckin
GetYourGuide
+49 176 7112 0875
will.gluckin(at)getyourguide.com
____________________________________
1 Source: Phocuswright, "Tours & Activities Come of Age: The Global Travel
Activities Marketplace 2014-2020" 2017
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Battery Ventures via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 02.11.2017 - 15:00 Uhr
Sprache: Deutsch
News-ID 566443
Anzahl Zeichen: 4994
contact information:
Town:
Menlo Park
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 396 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"GetYourGuide Raises $75 Million To Expand Global Marketplace for Travel Activities"
steht unter der journalistisch-redaktionellen Verantwortung von
Battery Ventures (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
