Published on : Monday, August 4, 2014
GetYourGuide, the world’s largest online platform for tours and activities, announced the closing of its $25 million Series B round of funding from Spark Capital and Highland Capital Partners Europe. Both investors led GetYourGuide’s 2013 Series A funding round. The investment will be used to further accelerate the company’s growth into new markets, as well as a support the company’s focus on mobile development.
In the last four years, GetYourGuide has grown to become the market leader in the tours, attractions and activities market. To date, the company has partnered with more than 25,000 activities in more than 2,400 destinations worldwide.
Within the $100 billion global market for travel activities, Europe, taking in $50 billion, makes up half of the market — according to a 2013 report from travel research firm PhocusWright. GetYourGuide offers more tours, attractions & activities in more locations than any other travel platform. The GetYourGuide mobile app, which enables finding and booking activities on-the-go, has only accelerated the company’s growth.
“As a Series A investor we have been fortunate to work closely with GetYourGuide,” said Spark Capital General Partner Alex Finkelstein. “We’ve been extremely impressed with their growth curve over the last year, and we have decided to double down our investment with another $25 million.”
Fergal Mullen, Partner with Highland Capital Partners Europe said, “These are exciting times for the travel activities sector and with this new round of funding, GetYourGuide will be able to accelerate its growth and strengthen its global leadership position.”
“We’re thrilled that both Spark Capital and Highland Capital Partners Europe, who led the investment in our Series A round, have decided to return and lead our Series B,” said GetYourGuide CEO Johannes Reck. “This happens very rarely. We have an amazing market position and phenomenal growth rates at this point and are very focused on continuing this development. To do this, we’ll be focused on extending our footprint in new markets and building out our already strong mobile offerings.”