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Home Lifestyle Travel

Travel activity platform GetYourGuide is raising cash but says €500M record is ‘faulty’

Jana Simmons by Jana Simmons
August 27, 2022
in Travel
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Travel activity platform GetYourGuide is raising cash but says €500M record is ‘faulty’

As we head into the summertime tour season, German blog Deutsche Startups is reporting that GetYourGuide, which we could human beings search for and book tours and other experiences of their destinations of choice from a catalog of some 35,000 sports, has raised €500 million from traders which includes SoftBank at a valuation of €1.6 billion ($558 million at a valuation of $1.78 billion at modern-day greenback prices).

Travel activity platform GetYourGuide is raising cash but says €500M record is ‘faulty’ 1

This morning, a GetYourGuide spokesperson tells us in an email that the record is “faulty” and didn’t contain GetYourGuide, but it also doesn’t suggest which component it’s far disputing. It concluded with the open-ended, “Beyond that, we cannot comment in addition presently,” which is every so often code for: “We are elevating cash, but both a few information aren’t finalized,” or “We are still working on our media approach.” SoftBank said it wouldn’t be commenting on this tale. Notably, this isn’t the first file of GetYourGuide final a big spherical.

In March, Sky inside the UK (thru tech.European) mentioned that GetYourGuide turned into raising $300 million and that Singapore’s Temasek turned into also inside the round, naming another potential investor within the blend. SoftBank is reportedly making the funding from its Vision Fund. (We’ll maintain to ask around.)

If/when it closes, this modern Series E might be a huge jump in investment for the organization, which has raised $170 million to date. The deal could additionally be high-quality as the second massive investment out of Europe for SoftBank in the area of per week. Days ago, the mega-investor — which has been taking the main role in big boom rounds for startups globally through its $one hundred billion Vision Fund — placed $1 billion (€900 million) into German payments provider Wirecard as a part of a much wider fintech partnership.

Jana Simmons

Jana Simmons

Web expert. Reader. Travel advocate. Total problem solver. Bacon scholar. Introvert. Food ninja. Writer. Internet trailblazer. Spent 2001-2007 consulting about action figures for fun and profit. Earned praised for my work training karma in Naples, FL. A real dynamo when it comes to managing carp in Fort Lauderdale, FL. Set new standards for supervising the production of basketballs in Miami, FL. Spent the 80's working with human hair in Deltona, FL. Earned praise for importing cabbage with no outside help.

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