Wednesday, December 1, 2021
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Peek raises $ 80 million as its travel experience software and marketplace business surpasses $ 2 billion in bookings – TechCrunch

San Francisco-based Peek is not disclosing its valuation, but Bashir told us the figure “has increased substantially because we grew the business a lot and hit profitability this year.” Peek has now raised over $100 million in the last 10 years. The round, a Series C, is notable in part because of who is behind it: the funding is being led by WestCap — the investment firm founded by another major player in the business of travel, the former CFO of Airbnb, Laurence Tosi. New investor Goldman Sachs Asset Management is also in the round, along with 3L, Cathay Innovation, I2BF Global Ventures, Manta Ray and Apeiron. Other high profile past backers include Jack Dorsey, Eric Schmidt, and Kayak founder Paul English.

That’s a big shift from a year ago, when travel-related companies were regrouping and trying to figure out how to continue weathering what had turned out to be a very long storm. Many of them had gone into the summer of 2020 hopeful that the pandemic (which really…

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