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. All of GetYourGuide’s existing venture partners have joined the funding round – including KKR, Spark Capital, Highland Europe, Sunstone Capital and Nokia Growth Partners (NGP). The Berlin-based company will apply the fresh capital toward international expansion and technological development. This way, GetYourGuide will strengthen 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% 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.
Johannes Reck, the CEO of GetYourGuide, who also spoke at our EU-Startups Conference 2016, stated: “We are experiencing explosive growth this year and have stepped up to become the largest online booking platform for travel activities. 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.
GetYourGuide was founded in 2008 and is headquartered in Berlin. 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. GetYourGuide already employs more than 400 people across its offices in 11 countries.