Report: GetYourGuide Raises Still More

The report from Business Insider says the company has raised another โ‚ฌ80 million.

Participants:
  • Johannes Reck, Co-founder & CEO, GetYourGuide
  • Douglas Quinby, Co-founder & CEO, Arival

byย Douglas Quinbyย | February 16, 2021

A new report from German publication Start-up Scene of Business Insider says GetYourGuide, the Berlin-based tours and attractions online travel agency, has secured an โ‚ฌ80 million loan from a consortium of banks.ย 

This latest capital raise followed a โ‚ฌ114 million convertible note financing in October 2020. GetYourGuide has now raised close to $800 million, making it one of the most funded startups in travel. 

Speaking at Arival 360 last November, GetYourGuide co-founder and CEO Johannes Reck said the company was raising capital to invest and be ready for the rebound, sentiments repeated in the Business Insider report. 

โ€œMost of the GetYourGuide competition had to retrench from markets, had to stop their tech development, and GetYourGuide has consistently done the inverse,โ€ Reck said at the time. โ€œWe have kept our people, doubled down on tech development… Even if the pandemic takes another two years, three years, four years, weโ€™ll be here.โ€

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Tags: GetYourGuide, Featured, Arival 360

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