GetYourGuide secures $25 million funding to spur further growth

By Travolution
By Travolution
August 1, 2014 02:49 PM GMT

A $25 million second stage of funding has been confirmed by online tours and activities platform GetYourGuide.

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.

The cash influx comes from Spark Capital and Highland Capital Partners Europe, which both led initial funding of the company last year.

GetYourGuide chief executive Johannes Reck said: “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.

“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.”

The company currently has partnerships with more than 25,000 activities in over 2,400 destinations worldwide as part of a market estimated to be worth $100 billion.

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