OurCrowd Participates In $200M Funding For Chinese Travel Booking Firm

Jerusalem-based equity crowdfunding platform OurCrowd participated in a financing round that closed a $200 million Series D financing deal for Klook, a Chinese full-service travel destination booking platform, the Israeli VC firm announced Tuesday. Other investors in the round include Sequoia China, Matrix Partners, Goldman Sachs, Boyu Capital, Asia-based sovereign wealth fund TCV, and some family offices.

This brings Klook’s total funding, making it the “most-funded company in the tour and activities sector,” a statement says.

While this is Klook’s fourth round of funding, it’s the second time that OurCrowd has invested in the startup, Globes reports. The company made its first investment in a Chinese company in October 2017 when it participated in a Series C round for Klook that raised $60 million.

”OurCrowd is pleased to invest for the second time in Klook, one of the world’s leading travel activities and services booking platforms and communities. Klook was our first investment in Greater China, and we are investing alongside top Asian VCs and institutions. We will continue to further expand our investment footprint in Asia,” said Denes Ban, OurCrowd Managing Partner Asia.

Founded in 2014, Klook is one of the world’s fastest-growing travel booking platforms. Each funding round has helped the company become a stronger global player, with a goal of expanding the US and Europe.