• Grab

  Participated · Series C · Oct 2014

  Grab operates as a Southeast Asian "super app" combining on-demand transportation, delivery, and financial services. The company said it will use the latest $300M investment to further strengthen its regional presence and unlock more opportunities across those business lines. Grab is also exploring opportunities and collaborations beyond Southeast Asia, including a recent investment and deeper partnership with London-based Splyt. That partnership and an $8M Series A investment in Splyt allow Grab users traveling outside Southeast Asia to book rides through Grab’s platform fulfilled by Splyt partners. The $300M from US-headquartered Invesco brings that firm's total investment in Grab to $703M, which includes $403M that OppenheimerFunds invested in July 2018. Grab previously raised $1.46B from the SoftBank Vision Fund in March 2019 and is targeting $6.5B in total capital between June 2018 and the end of the year. Invesco, which has a presence across several Asian markets, manages approximately $1.1 billion in assets for its clients worldwide. Grab provides an on‑demand O2O mobile platform across Southeast Asia, offering services such as payments via GrabPay, food ordering through GrabFood, parcel delivery with GrabExpress, and ride‑hailing. The company is aiming to expand the range of everyday O2O services and evolve into a regional "super app." It recently launched GrabFresh, an on‑demand grocery delivery service in Jakarta with plans to roll out to other cities later in 2018. Grab said it will use proceeds from its current financing to broaden partnerships and the universe of services available to users. A significant portion of the funds will be invested in Indonesia. The company raised a large financing round (see deal details) to support these growth initiatives. GrabTaxi is a Singapore-based automated, location-based smartphone booking and dispatch platform for the taxi industry in Southeast Asia. Launched in 2012 and led by Anthony Tan, the company operates in 23 cities across six countries: Malaysia, Singapore, the Philippines, Vietnam, Thailand and Indonesia. GrabTaxi raised $350m in this funding round, bringing total funding to over $700m. Backers included Coatue and China Investment Corporation among others. The company is hiring. The platform focuses on taxi booking and dispatch. GrabTaxi, founded in 2012, operates a GPS‑enhanced smartphone taxi‑dispatch service that allows passengers to hail the nearest taxi. The company serves 17 cities across six Southeast Asian countries, including Malaysia, the Philippines, Thailand, Singapore, Vietnam and Indonesia. Tens of thousands of taxi drivers use GrabTaxi’s smartphone technologies to receive bookings, and the app has over 2.5 million downloads and about 500,000 monthly users. GrabTaxi’s stated mission is to revolutionize the taxi industry by creating safer, more reliable rides and improving drivers’ livelihoods. Following rapid growth, the company plans to accelerate regional expansion and leverage partnerships to drive further adoption. GrabTaxi operates a mobile app for booking licensed taxis and has expanded into private car (GrabCar) and motorbike taxi services across 16 cities in Malaysia, Singapore, Thailand, Vietnam, the Philippines and Indonesia. The company has seen its app downloaded more than 2.1 million times, with over 400,000 monthly active users and a claimed network of more than 50,000 drivers. CEO Anthony Tan said the new funding will be used to hire talent to build a world-class app, improve driver loyalty programs and generally grow and expand the service. GrabTaxi has been rolling out new service types and plans to announce an additional city expansion before month-end. The company has not disclosed revenue or profitability timelines. It views increased competition, including from Uber, as a way to drive consumer awareness and improve service levels for drivers.

• GetYourGuide

  Participated · Series A · Jan 2014

  GetYourGuide operates a marketplace for discovering and booking in-person travel and tourist experiences, listing about 75,000 experiences from roughly 16,000 providers. Its core product is human-led group tours; the company has tested virtual and self-guided formats and decided to remain focused on person-led experiences. GetYourGuide sells experiences via its app and reported roughly 25–30 million tickets sold between 2019 and 2020, with Q1 2023 booking volumes about four times those of Q1 2019. Management says the company is “on the route to profitability” in many major markets. The company has added AI features such as a ChatGPT integration to improve natural-language search and plans to use more AI and technology to improve discovery and personalization. During COVID it cut about 20% of staff, secured a $133 million convertible note it ultimately did not exercise, and has since seen strong recovery in bookings. GetYourGuide operates a platform that curates, organizes and enables booking of tours and experiences. The company has pursued growth through in-house Originals tour operations and may invest in services for last-minute bookings. It recently secured a €80 million ($97M) revolving credit facility to give it flexible, non-dilutive access to capital. In October it closed a $133 million convertible note, and it has raised more than $600 million in equity capital since 2009, including a $484 million Series E in 2019 that valued it well over $1 billion. The platform has passed 45 million ticket sales in aggregate, though growth slowed (only +5 million in 10 months). Management says GetYourGuide has reinvented internal processes, is operating more efficiently and is "fully funded to profitability," with sufficient capital even in a prolonged downturn. GetYourGuide curates, sells tickets for, and operates tours and exploration experiences for travelers. The platform has sold 45 million tickets in aggregate, a 5 million increase since January 2020, and saw a 60% bounce in ticket sales in Germany over the summer. The pandemic severely reduced growth and demand, prompting the company to lay off around 100 employees as part of cost-cutting. Management continues to target an IPO in the longer term. To extend runway through the crisis, GetYourGuide raised a large convertible note that will convert into equity at the next priced round. The company was last valued at more than $1 billion after a $484 million Series E in 2019. GetYourGuide operates a marketplace that lets users discover and book tours, tickets for attractions and other activities worldwide via its mobile-friendly app. The company currently offers a catalog of about 50,000 experiences and has sold 25 million tickets to date; its "Originals" first-party tours have passed 40,000 tickets sold. GetYourGuide says its average user age has shifted to roughly 25–40 as it targets younger travelers. The company is expanding beyond short tours into longer day trips and overnight experiences while increasing direct first-party content through Originals. Recent hires include Ameet Ranadive as chief product officer and Nils Chrestin as CFO to drive product and growth initiatives. The business is positioning itself to grow in Asia and the U.S. and to consolidate fragmented supply of tour operators. GetYourGuide is a Berlin-based online marketplace that lets travelers book tours, activities and experiences through a third-party platform. Founded in 2009, the company has passed a cumulative 10 million tickets booked, with nearly half of those booked in 2017, and reports about 15 million unique monthly active users. The business is reported to be very close to profitability while scaling rapidly across Europe and growing fastest in the US. Management plans to invest in personalization and product development, using machine learning and AI to build recommendation features and a mobile "travel companion" experience. GetYourGuide has also built partnerships with airlines such as EasyJet and KLM to leverage profile data for tailored recommendations and better customer targeting. The company is pursuing international expansion (a major push into the US and Asia) and strategic opportunities to capture more of the under-penetrated $150B European travel activities market.

No current team members are available.