The funding round, led by U.S. private equity firm Searchlight Capital, has been raised as a convertible note.
The Berlin start-up's latest funding round, led by U.S. private equity firm Searchlight Capital, has been raised as a convertible note, which is a short-term debt that will turn into equity in a future financing round. "This form of financing reflects the fact that our investor base shares the belief that our long-term mission matters, and that leisure travel is a fundamental human need," he said via email. "People will travel again, and when they do, experiences will be what they crave the most."
Reck said the money will give GetYourGuide, which competes with Airbnb and Viator, the flexibility to invest in marketing and getting its products ready for future travelers' "preferences and standards."
Source: Holiday News (holidaynews.net)
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