Participated · Equity · Dec 2023

Klook operates a marketplace for curated travel experiences and local services, offering attractions, tours, transport, and experiential stays in over 2,700 destinations. The company emphasizes quality curation across a wide range of activities from museums to adventure sports. Klook plans to use newly secured capital to accelerate expansion across Asia Pacific and capture next-generation, experience-driven travelers. It is expanding an AI partnership with Google Cloud to improve customer experience, merchant operations, and internal productivity. Klook is also pursuing digital transformation initiatives with regional tourism boards, including an agreement with the Philippine Department of Tourism. The company reported a decade of operations since its 2014 founding and highlights its economic impact—facilitating millions of travel moments, contributing US$7.2 billion in GDP and supporting over 219,000 jobs in Asia Pacific. Klook operates a platform for experiences and travel services, curating attractions, tours, local transport and experiential stays in over 2,300 destinations globally. Founded in 2014 and led by Eric Gnock Fah, Ethan Lin and Bernie Xiong, the company serves leisure travelers seeking bookable experiences. Klook recently raised US$210M and secured additional bank facilities to support growth. The company plans to use the funds to expand product offerings such as city passes to improve traveler convenience and savings. It will scale social and digital marketing through the Klook Kreator program to drive conversions via authentic user-generated content. Klook is also advancing innovation through continuous AI integration, including a collaboration with Google Cloud to deploy Generative AI for automated translations, content generation and a customer-service chatbot. Klook enables mostly Asia-based users to book activities in overseas destinations and its SaaS powers millions of bookings for more than 2,500 merchants worldwide. Founded in 2014 and based in Hong Kong, the company pivoted during the COVID-19 pandemic toward staycations and a software-as-a-service product suite for local activity merchants, including ticketing, distribution, inventory management and marketing. At the height of the pandemic Klook onboarded 150% more activities compared to the same period in 2019 and bookings subsequently rebounded in markets where restrictions eased. The company reached profitability in a number of markets by July while overall remaining in an aggressive expansion mode. Klook exceeded a $1 billion valuation in 2018 and currently has no plans to go public. With proceeds from the new investment it will continue developing and rolling out its merchant SaaS solutions as domestic tourism recovers and international travel gradually returns. Klook operates a mobile-first marketplace for travel activities and services, offering bookings for attractions, tours, transport and local experiences. The company says it hosts 100,000 activities across more than 270 destinations and employs over 1,000 staff with 20 offices worldwide. Klook was founded in 2014 and has previously raised significant funding, including a $200M Series D announced eight months earlier. Management plans to use new capital to accelerate growth in Western markets and to expand efforts in Japan ahead of the 2020 Summer Olympics, with an emphasis on improving supply and demand dynamics on the platform. Klook has discussed strategic partnerships within SoftBank’s ecosystem to pursue synergies with companies such as Grab, OYO, Coupang and Tokopedia. The company has signaled it is delaying any fixed IPO timetable despite prior candidness about a potential public listing. Klook is a Hong Kong-based travel activity booking platform founded in 2014 by Ethan Lin, Eric Gnock Fah and Bernie Xiong. The company operates a website and app that lets travellers book experiences such as attractions, food, activities and local transportation. Its platform offers more than 50,000 activities and services through 5,000 industry partners across 200+ destinations worldwide. Travellers can pay in their home currency and receive tickets on their phones. Klook reported $1 billion in gross bookings in 2018 and has raised $300m in total financing to date. The company plans to use new funding to launch its in-destination travel services booking platform in the US and Europe, expand offices in London and Amsterdam, and open future offices in the US.

Led · Equity · Oct 2021

Virtuos is a games services company focused on external development of core content for triple‑A console and PC games, operating an art division and a game division. It delivers increasingly complex, in‑engine, playable assets (about 80% of delivered work is in‑engine) and has expanded into deeper co‑development roles. The group reports more than 2,300 game developers across 13 locations and roughly 2,500 employees, and it has worked on over 1,300 projects for major publishers and franchises. Virtuos works with 18 of the top 20 digital entertainment companies and has contributed to high‑profile games and films. Revenue accelerated in recent years—up 35% in 2020 and growing close to 50% in the following year—driven by higher‑value services and longer client engagements. Future plans include taking on more gameplay, design and engineering responsibilities and expanding studios in key game‑making cities while continuing talent development and diversity initiatives. Virtuos is a video game content production company that specializes in game development and AAA 3D art production for console and mobile titles. It employs about 1,500 full-time professionals and has delivered content for over 1,100 projects, serving 18 of the top 20 digital entertainment companies worldwide. Founded in 2004 and based in Singapore, the company operates studios in China, Vietnam, Canada, France, Japan, Ireland and the United States. Recent projects include the enhanced version of Rockstar’s L.A. Noire for Switch, PS4, Xbox One and VR, and the remastering of Square Enix’s Final Fantasy XII: The Zodiac Age. Virtuos plans to use the new funding to expand operations and pursue a buy-and-build strategy, including expanding existing studios and acquiring complementary businesses. The company also plans to set up a new headquarters and R&D center in Singapore. Virtuos specializes in producing 3D art and providing game development services for console and mobile platforms. The company intends to use the Series B proceeds to grow its expertise in the latest game development and art techniques and to build tools that facilitate integration with client teams. The amount raised in the round was not disclosed. Led by CEO Gilles Langourieux, Virtuos operates studios and offices in Shanghai, Chengdu, Xian, Saigon, Vancouver, San Francisco, Paris and Tokyo. It employs more than 1,000 staff representing 15 nationalities. Clients include 15 of the top 20 digital entertainment companies worldwide as well as renowned independent studios.

Led · Equity · May 2021

TheCrownX is the consumer retail arm of Masan Group, formed last year by combining its Masan Consumer unit and VinCommerce. It brings together Masan's food and beverage brands with VinCommerce’s supermarket and convenience-store network, including VinMart and VinMart+. VinCommerce operates about 2,300 outlets and reportedly commands roughly 50% of Vietnam’s grocery retail market. The company is pursuing an omnichannel e-grocery strategy, partnering with Lazada to become the platform’s preferred grocery retailer, use physical outlets as pick-up points, and share data, analytics and logistics capabilities. Masan's leadership says the partnership will accelerate TheCrownX’s transformation into a one-stop shop for everyday consumer needs offline and online and help modernize Vietnam’s grocery market. TheCrownX is valued at $6.9 billion following the $400 million investment that gave the Alibaba-led consortium a 5.5% stake. Masan is in advanced discussions to secure up to $400 million in additional external investment by the end of the year.