Klook raises US$225m

Hong Kong-based online travel startup Klook has secured US$225 million in an extended Series D funding round led by SoftBank Vision Fund, reports DealStreetAsia.

Existing investors Sequoia China, Matrix Partners, TCV and OurCrowd also participated in the round, Klook announced on Tuesday. Its previous funding round last August, when it raised US$200 million, valued the five-year-old company at US$1 billion, but Klook did not disclose the latest valuation.

Klook said it would use the proceeds of the funding to expand in Asian markets. One key focus is Japan, where it said it “will deepen its investments ahead of the 2020 Summer Olympics in Tokyo” by targeting both foreign and Japanese tourists.