Germany-based travel activities booking platform GetYourGuide raised $75m in series D capital yesterday from a consortium that included Nokia Growth Partners, the investment arm of communications technology producer Nokia.
The round was led by investment firm Battery Ventures, while KKR, Spark Capital, Highland Europe and Sunstone Capital also participated. It took GetYourGuide’s total funding to $171m to date.
GetYourGuide operates an online platform that enables users to book more than 31,000 attractions and tours across some 7,300 international locations. Travellers can purchase tickets for activities such as gondola cruises in Venice or guided visits to Machu Picchu.
The funding, which follows GetYourGuide’s 10 millionth ticket sale, will help the company bolster its international expansion efforts and boost development of its technology. Itzik Parnafes, general partner at Battery Ventures, will join its board of directors.
The company closed a $50m series C round in 2015 led by KKR that included Nokia Growth Partners, Spark Capital, Highland Capital Partners and Sunstone Capital. Its earlier backers include ProFounders Capital and assorted angel investors.
Johannes Reck, chief executive of GetYourGuide, said: “We are experiencing explosive growth this year and have stepped up to become the largest online booking platform for travel activities.
“It is our goal to significantly disrupt the in-destination travel experience in the years ahead, and the financing we have raised from both new and existing investors represents a vote of confidence in our progress toward capturing the massive market opportunity before us.”