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Softbank Leads $480M Investment In German Activity Booker - Nikkei Asian Review

by asia.nikkei.com posted 1week ago 20 views
TOKYO -- SoftBank Group's Vision Fund led a $484 million funding round for German activity booker GetYourGuide in a deal that highlights the travel startup's ambition to dominate an emerging segment of the global tourism industry. Singapore's sovereign wealth fund Temasek Holdings, as well as European players Lakestar, Korelya Capital and Heartcore Capital joined the round, GetYourGuide said Thursday. A company spokesperson said the deal minted GetYourGuide's status as a unicorn -- a private company valued at $1 billion or more -- but declined to give a specific figure.

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