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).
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.
