June 26, 2013

Wego closes US$17 million round to accelerate travel search growth


Wego pioneered the travel metasearch space across the Asia-Pacific region from its base in Singapore and is now active in 52 markets and 30 languages globally with a particularly large user base in the fast developing markets of Indonesia, India, Southeast Asia and the Middle East.

Wego.com, the leading travel search engine in the Asia-Pacific and Middle East, has secured $17 million in growth capital through the completion of a Series C Preferred Share Offering. The investment round was led by Crescent Point with contributions from Victoria Capital and existing shareholder Tiger Global. This brings Wego’s total capital raised to US$36 million.

Wego pioneered the travel metasearch space across the Asia-Pacific region from its base in Singapore and is now active in 52 markets and 30 languages globally with a particularly large user base in the fast developing markets of Indonesia, India, Southeast Asia and the Middle East. Wego generates more than US$10 million per day of potential bookings for their travel partners and has experienced rapid growth in recent years.

Wego expects to use the additional capital to step up investment in product and innovation, grow the team with top talent at all levels, scale marketing to grow Wego into a leading online travel brand and an ever more valuable source of customers for Wego’s hundreds of travel industry partners.

Relaged Link: Wego

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