SoftBank is investing an amount reported to be approximately $556m in tour booking service GetYourGuide, though the company itself has not provided confirmation.

Germany-based tourism booking service GetYourGuide is raising a large sum of money in a round that may include telecommunications and internet conglomerate SoftBank, TechCrunch reported yesterday.

The news comes after a Deutsche Startups report on Sunday stating that SoftBank had invested €500m ($556m) at a valuation of almost $1.8bn, but a GetYourGuide spokesperson subsequently told TechCrunch the report was inaccurate, though they did not dispute any individual details.

Founded in 2009, GetYourGuide operates an online platform where tourists can discover…

Robert Lavine

Robert Lavine is special features editor for Global Venturing.