Swiss Startup GetYourGuide Raises $14 Million


According to the Swiss publication Der Sonntag (via VentureVillage) the Zurich-based travel startup has raised $14 million in funding from Spark Capital and Highland Capital Partners in Europe.

GetYourGuide.comThe company plans to use the fresh capital injection for expansion into new markets. The online tour booking startup has offices in Zurich, Berlin and Las Vegas.

Launched in 2008, GetYourGuide offers over 16,900 activities in more than 1,680 destinations around the globe. GetYourGuide has distribution partnerships with more than 1,000 online travel agencies, travel operators and media companies, such as TripAdvisor and Kayak .

Spark Capital General Partner Alex Finkelstein is joining the GetYourGuide board of directors as part of this financing. “The market potential for GetYourGuide is enormous. The founders have already proven that they are exceptional entrepreneurs who are able to create a game-changing company in the online travel market. With this new round of funding, GetYourGuide will be able to accelerate its already rapid growth worldwide,” said Finkelstein.

Highland Capital Partners Europe’s General Partner Fergal Mullen is also joining GetYourGuide’s board. “GetYourGuide is already a major force in Europe. We believe the company has potential to make even greater waves in the tourism marketplace across the globe,” said Mullen

“We’re extremely pleased to have two of the most renowned venture firms investing in our company and supporting our business model and vision,” said GetYourGuide CEO Johannes Reck. “Having brought such great investors on board will help us upscale our offering worldwide and fuel our consumer traction. We are well on our way to creating one of the most successful online travel companies.”

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