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THE INVESTOR
May 19, 2019
Big Reunion

Startups & Investors

Tour package recommendation platform Tripstore operator raises W7.1b

  • PUBLISHED :May 02, 2019 - 15:35
  • UPDATED :May 02, 2019 - 15:35
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Extriber, a Seoul-based startup dedicated to operating mobile tour package recommendation platform Tripstore, has raised some 7.1 billion won ($6.1 million) series B round funding, according to its existing investor Kakao Ventures on May 2.

The round investment was joined by DS Asset Management, KT Investment and Kakao Ventures. The amount of funding from each investor has not been undisclosed.



“The package tour market is increasingly becoming sophisticated in South Korea, as TV celebrities are joining ordinary people’s package tour, while people with common interests like bike-riding or sports go on a trip together,” Extriber founder and CEO Kim Su-kwon said in a statement. “The funding will help us create new tour packages with Korean online travel agencies.”

Kim was formerly the chief of Korea’s food delivery unicorn Woowa Brothers.

The latest funding round comes after the startup in August 2018 announced a 2 billion won series A round investment from HB Investment, Kakao Ventures and Bon Angels. With this, the size of accumulated investments has risen to 9.7 billion won.

Tripstore is a mobile app that helps Korean travelers curate a vacation in some 70 countries by recommending packages out of a database comprising some 2 million -- based on travel dates, budget, number of people traveling and activity preferences. Users can also compare prices of each tour package from various online travel agencies including HanaTour and Modetour.

Extriber was founded in May 2017. Since the launch of Tripstore in August 2017, the accumulated downloads of the app topped 1 million in February.

By Son Ji-hyoung (consnow@heraldcorp.com)

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