Singapore-based travel search engine Wego is revealing this evening that the company has wrapped up a series C funding round of $17 million led by Crescent Point; the other investors are Victoria Capital and existing investor Tiger Global. So far Wego has raised $36 million in capital, and the company plans to use the new-found cash to grow the team, scale its business, and invest more in its products and features.
At the moment, the travel metasearch company processes over $10 million in potential bookings every day. Wego is available in 30 languages and has a presence in 52 countries. With this funding round, Victoria Capital co-founder Paul Bassat as well as a representative from Crescent Point join Wego’s board of directors.
Wego co-founders Ross Veitch and Craig Hewett commented today on their two new partners, Crescent Point and Victoria Capital:
The Crescent Point team has a great track record, notably with AirAsia, assisting companies to build and scale fantastic brands across our priority markets. 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.
This is definitely great news and a boost of morale for the Wego team, especially after the company de-merged from its Indian partner HolidayIQ after the latter company closed its own series C funding round earlier this year.
(Editing by: Steven Millward)