GetYourGuide closes $133M convertible note as travel startups continue to weather the COVID-19 storm
On the heels of Germany revealing another lockdown to attempt to contain the rapid rise in COVID-19 cases in the country, one of the most popular start-ups in its capital city is announcing the closing of a large convertible note to help it keep moving on. GetYourGuide, which in brighter times runs a growing and viral […] At least this summertime, company a little began to recover, with GetYourGuide seeing a bounce back in its house nation, with ticket sales up 60% in Germany over the warmer months, with people also looking at making far-far-foward bookings in basic, too. The belief, it appears, is that the market– not just GetYourGuide, but the rest of it, too– is trustworthy enough for brand-new backers likewise to come in.”We have a natural affinity with the talented, entrepreneurial group at GetYourGuide, provided Searchlight’s own enterprising culture and our success in partnering with founder-led services,” he said. “While 2020 has unquestionably been a tough year for the travel sector, we think GetYourGuide has the ideal strategy, capabilities and investor assistance in place to rebound highly as soon as the pandemic is under control. …
Recent Comments