SoftBank-Backed Klook Snags $210 Million in Travel Bounceback

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Booking service Klook Travel Technology Ltd. raised $210 million in a funding round led by Bessemer Venture Partners, seeking to expand its footprint as travel recovers following the pandemic.

Private equity firm BPEA EQT and SMIC SG Holdings participated, the Hong Kong-based startup said in a statement on Thursday. Existing investors including HongShan — formerly Sequoia China — also took part in the Series E+ round that consists of a mix of equity financing and bank facilities, bringing the total raised by the startup to more than $900 million.

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