GetYourGuide, a German online travel startup that rivals TripAdvisor, raised $194M from investors to capitalize on summer travel plans and further expand in the U.S. The company announced Thursday it had raised the money through equity and debt, with Blue Pool Capital leading $85M of the equity investment. The investment values the company at $2B, up from the last publicly-disclosed valuation of $1.4B. - Existing investors KKR and Temasek upped their investments for this round.
- Total investment in GetYourGuide, including equity and debt, stands at slightly over $1B.
- GetYourGuide highlights experiences for users and activities for them to enjoy in a particular area rather than selling hotel rooms, flights, and transportation.
- The company has bounced back since the COVID-19 pandemic, where it saw its revenues flatline.
|
