GetYourGuide bags $484m funding and hails 25m ticket milestone

Ben Heathcote

In App Deals. May 19, 2019

GetYourGuide, a global booking platform and app for travel and tourism experiences, has secured $484 million in Series E funding led by the SoftBank Vision Fund.

The round was joined by co-investors Temasek, Lakestar, Korelya Capital and Heartcore Capital (formerly Sunstone Capital), while original investors such as Swisscanto Invest by Zürcher Kantonalbank continued their support of the Berlin-based company.

The financing comes alongside GetYourGuide’s announcement that it has now sold over 25 million tickets through its platform. It plans to invest the money in “broadening its global inventory of experiences” and “deepening the capabilities” of the platform to improve user experience.

“Today’s consumers prioritize seeking and sharing experiences over material possessions, and we expect this trend to accelerate in the years ahead,” said Johannes Reck, CEO and co-founder of GetYourGuide. “We’ve spent the past decade building a market-leading company around our mission to give the whole world access to incredible travel experiences.

“In the SoftBank Vision Fund, we’ve found a partner that shares our bold mission and our long-term view of how this fundamental consumer shift will impact global travel. We’re incredibly excited about the journey ahead of us.”

Moving forward, GetYourGuide plans to build more of its own “Originals” tour experiences, which have already sold over 40,000 tickets.

The company said it anticipates continued expansion and innovation for Originals, with at least 25 new destinations and significant product enhancements slated for rollout.

The company’s valuation is not being disclosed but CEO Johannes Reck confirmed to TechCrunch that GetYourGuide was definitely “now a unicorn”, with a valuation of at least $1 billion.