Wego, a travel search engine, has just announced that they have completed a US$17 million Series C round led by Crescent Point, with contributions from Victoria Capital and Tiger Global.
Wego never stops. The Singapore-based travel search engine has just announced their completion of a US$17 million Series C Preferred Share Offering round last night. Led by Crescent Point with contributions from Victoria Capital and existing shareholder Tiger Global, this investment round will see Wego’s total capital raised to US$36 million.
The company, with its services active in some 52 markets and 30 languages used, claims to generate more than US$10 million in potential bookings for their travel partners every day. They have also stated in the press release that they have “a particularly large user base in the fast developing markets of Indonesia, India, Southeast Asia and the Middle East.”
With the additional capital, Wego will be working towards stepping up investment in product and innovation, growing the team, and scaling marketing. Ross Veitch and Craig Hewett, co-founders of Wego, both agreed that Crescent Point, with their portfolio company AirAsia, will be able to assist them to build and scale across priority markets. They added, “We are also delighted to have Victoria Capital on-board, especially given Paul Bassat’s experience co-founding and growing SEEK into the world’s largest online employment business.”