Sunstone invests in GetYourGuide

The round was led by Kees Koolen, former CEO of Dutch accommodation-booking site Booking.com and Fritz Demopoulos, former CEO and founder of Chinese language travel information site Qunar.com.

Previous funding
GetYourGuide first received funding in March 2012, securing $2m from PROfounders Capital, the founders of German travel search engine Swoodoo and other investors.

The following January, Highland Capital Partners (HCP) and Spark Capital invested $14m in the company in its series-A round.

According to reports, the company also received €4m in funding from ProSiebenSat.1's venture arm, SevenVentures, at a London Pitch Day in November last year.

The business has made some acquisitions since it received venture funding. In April last year the firm bought Berlin-based peer-to-peer platform Gidsy, which was backed by Index Ventures and Sunstone. The two VCs picked up stakes in GetYourGuide following the bolt-on.

Last August, GetYourGuide also acquired New York-based IGottaGuide, a platform that connects tourists and city guides.

Company
Founded in 2008, GetYourGuide is headquartered in Zurich with additional offices in Berlin and Las Vegas. The company employs 75 staff and reportedly generated more than $10m in revenues in 2012.

GetYourGuide offers an online booking platform for tours and activities in more than 1,680 international destinations, such as cooking classes, sightseeing buses, guided tours and canal cruises.

The company has a network of partnerships with travel agents, hotel chains and tourist boards. Partners include TripAdvisor, Opodo, Thomas Cook, Lufthansa Holidays and Emirates.

People
Johannes Reck is the CEO of GetYourGuide. Koolen and Demopoulos have joined the company's board as independent directors, taking up seats alongside Spark partner Alex Finkelstein and HCP partner Fergal Mullen, who joined the board following the January 2013 funding round.

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• Topics
• DACH
• Expansion
• Consumer
• Switzerland
• Sunstone Capital A/S