Yanolja has collected $180m in funding from Booking Holdings and Singapore’s sovereign wealth fund GIC, valuing the short-term room rental service at more than $1bn.
South Korea-based short-term accommodation services provider Yanolja received $180m in series D funding today from online travel platform Booking Holdings and Singaporean sovereign wealth fund GIC, Reuters reported.
The round valued Yanolja at more than $1bn and followed reports yesterday that the company had raised as much as $200m in funding. The company is gearing up for an initial public offering as early as 2020, chief executive Kim Jong-yoon told Reuters.
Founded in 2005, Yanolja converts rooms in guest houses,…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
