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Companies

SoftBank leads $480m investment in German activity booker

Deal gives GetYourGuide ‘unicorn’ status as it mulls global expansion

GetYourGuide plans to use the proceeds to increase its global footprint, including in Asia. (photo courtesy of GetYourGuide)

TOKYO -- SoftBank Group's Vision Fund led a $484 million funding round for German activity booker GetYourGuide in a deal that highlights the travel startup's ambition to dominate an emerging segment of the global tourism industry.

Singapore's sovereign wealth fund Temasek Holdings, as well as European players Lakestar, Korelya Capital and Heartcore Capital joined the round, GetYourGuide said Thursday. 

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