SoftBank-Backed GetYourGuide Sells $134 Million Convertible Loan
- Financing comes from round led by Searchlight Capital
- SoftBank-backed startup previously valued at over $1 billion
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GetYourGuide Deutschland GmbH, a booking startup backed by SoftBank Group Corp., has raised 114 million euros ($134 million) via a convertible loan, after the pandemic continues to disrupt the travel industry.
The investment was lead by private equity firm Searchlight Capital Partners, and existing investors including SoftBank’s Vision Fund, KKR & Co. and Temasek Holdings Pte also participated in the round, which will see the note converted to equity during the company’s next fund-raising event, Chief Executive Officer Johannes Reck said in an interview.