Klook secures $100 million funding | ABS-CBN

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Klook secures $100 million funding

Arthur Fuentes,

ABS-CBN News

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MANILA — Travel and experiences booking app Klook said it has secured $100 million in funding. Among the investors which infused fresh capital into Klook was global private equity firm Vitruvian Partners, the company said.  

"The latest investment underscores continued confidence in Klook’s vision, market leadership, and operational excellence as the company accelerates its efforts to capture the fast-growing market of next generation travelers and deepen its reach across Asia Pacific," Klook said.

Klook Co-Founder and CEO Ethan LInk said the platform poised to grow even further and is "excited to welcome Vitruvian on this journey.”

Klook cited forecasts that international visitor arrivals in the region are expected to grow from 619 million in 2024 to 762 million by 2026 , surpassing pre-pandemic highs in 2019. 

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"This resurgence, coupled with evolving traveler behaviors—including a growing preference for experiences over material goods—positions Klook to capture significant market share as a trusted platform for experiences and services across the region," the company said. 

Klook said it will use the fresh capital to drive next phase of growth and innovation, and cited its expanded AI partnership with Google Cloud.

"We believe Vitruvian's investment and its deep thematic expertise in the global travel experience market will help further drive Klook’s growth by strengthening its operational capabilities and expanding its reach," said Sophie Bower-Straziota, Partner at Vitruvian Partners. 

Klook recently announced a deal with the Philippines' Department of Tourism to modernize the country's tourism industry.

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