Report: GetYourGuide Raises Still More

The report from Business Insider says the company has raised another €80 million.
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Participants:
  • Johannes Reck, Co-founder & CEO, GetYourGuide
  • Douglas Quinby, Co-founder & CEO, Arival

by Douglas Quinby | February 16, 2021

A new report from German publication Start-up Scene of Business Insider says GetYourGuide, the Berlin-based tours and attractions online travel agency, has secured an €80 million loan from a consortium of banks. 

This latest capital raise followed a €114 million convertible note financing in October 2020. GetYourGuide has now raised close to $800 million, making it one of the most funded startups in travel. 

Speaking at Arival 360 last November, GetYourGuide co-founder and CEO Johannes Reck said the company was raising capital to invest and be ready for the rebound, sentiments repeated in the Business Insider report. 

“Most of the GetYourGuide competition had to retrench from markets, had to stop their tech development, and GetYourGuide has consistently done the inverse,” Reck said at the time. “We have kept our people, doubled down on tech development… Even if the pandemic takes another two years, three years, four years, we’ll be here.”

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