HEADOUT has raised US$12 million in Series B financing round to expand its geographical reach and reach EBITDA profitability.
The Series B round was led by Glade Brook Capital, with participation from existing investors Version One Ventures, Nexus Venture Partners, FJ Labs, 500 Startups, Haystack and Ludlow Ventures.
New investors in
the latest financing include Espresso Capital and Practical VC.
With this latest funding the company has raised a total of US$27.7 million in funding over eight rounds.
Headquartered in New York, Headout was founded in 2014 by Varun Khona (CEO), Suren Sultania (COO) and Vikram Jit Singh (CTO). The web and mobile-based activities platform allows travellers to discover and book tour packages.
According to Headout, it has seen 800% growth since January this year with the gradual recovery in travel “by doubling down on domestic…