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Travel, hospitality & leisure
Global segment ranking · Travel, hospitality & leisure › Leisure

The world’s most valuable activities and experiences startups

Edition 0 (beta)·Published 6 Oct 2026·Next scheduled update 24 Mar 2027

Companies that sell, book or run leisure experiences: tours and activities marketplaces, attraction tickets, live-experience platforms, booking software for operators, and tech-driven venues (immersive art, virtual reality, golf and mini-golf entertainment). Ranked worldwide by AI-estimated valuation. The market sets the value; our AI estimates it.

Twice a year Claude · multi-AI consensus from 1 Dec 2026· Method· Order never changed by a human

Declare an interest in Activities & experiences

Key metrics for this segment: key milestone. Figures as published by each company or the press, dated, not recalculated. The AIs weigh them alongside funding history and comparables.

Not in this segment. Listed, so not ranked: Airbnb (Experiences), Tripadvisor (Viator), Lucky Strike Entertainment, Dave & Buster’s (Main Event). Klook has filed for a New York listing and leaves the ranking once it closes. Bought by a group: Tiqets (Expedia, agreed Dec 2025), FareHarbor (Booking Holdings), Bókun (Tripadvisor), Musement (TUI), DICE (Fever), Smartbox (Wonderbox). Topgolf, carved out of Callaway in 2026, is an established venue operator rather than a startup. Insolvent or closed: Pinstripes, Lighthouse Immersive, Two Bit Circus, Dreamscape’s venues. Event ticketing, online travel agencies (MyRealTrip) and fitness passes (ClassPass) have their own segments. Chinese companies are never ranked. A company appears in one segment only. Method

The segment at a glance
18companies ranked
10companies on the radar
7countries in the ranking
6listed benchmarks
Sources: Company announcements, Skift, PhocusWire, Arival, TechCrunch, Bloomberg, Fortune, Music Business World, Blooloop, FinSMEs, PR Newswire, Silicon Canals, SGB Media. Intention counters will be shown above a threshold of amount and number of Backers.

Rankings by region

Filter the ranking and the Radar. Ranks stay worldwide. Regional pages: Asia · Europe · North America · Oceania.

Global ranking · Activities & experiences

First edition: no movements yet.

World · 18 ranked companies

#CompanyLast round · Key metricsEstimated valuation (AI) · rangeConfidenceBack
1 FeverSpain · Europe Growth equity · USD 250M · Sep 2026EBITDA-positive, active in 55 countries; acquired DICE in Jun 2025 · Sep 2026 Last known equity round: Growth equity · USD 250M · Sep 2026 (EQT; Baillie Gifford, Point72 Private Investments, existing shareholders); concurrent sale of a 5% stake by Atresmedia
Published valuation: about USD 5.2bn (reported) (Sep 2026)
Confidence index: High
Method
Solid sources Back
2 KlookHong Kong · Asia Growth equity · USD 100M · Feb 2025Gross transaction value of USD 3bn over the 12 months to Sep 2025 (+34%) · Sep 2025 Last known equity round: Growth equity · USD 100M · Feb 2025 (Vitruvian Partners)
No confirmed published valuation
Confidence index: High
Method
Solid sources Back
3 GetYourGuideGermany · Europe Series F · USD 85M · Jun 2023Revenue above EUR 1bn and GMV above EUR 4bn in 2025; first profitable year (adjusted EBITDA); H1 2026 GMV +27% · 2025 Last known equity round: Series F · USD 85M · Jun 2023 (Blue Pool Capital; KKR, Temasek); USD 194M announced, including USD 109M of credit (not counted)
Published valuation: about USD 2bn (reported) (Jun 2023)
Confidence index: Medium
Method
Partial sources Back
4 PuttshackUnited Kingdom · Europe Growth equity · USD 150M · Oct 2022Venues in the UK and a growing US network (Atlanta, Chicago, Boston, Miami…) · 2022 Last known equity round: Growth equity · USD 150M · Oct 2022 (BlackRock-managed funds; Promethean Investments)
No confirmed published valuation
Confidence index: Medium
Method
Partial sources Back
5 CosmUnited States · North America Strategic minority investment · USD 100M · Jun 2026Venues open in Los Angeles and Dallas (2024); Atlanta and Detroit due in 2026 · 2026 Last known equity round: Strategic minority investment · USD 100M · Jun 2026 (Sony Pictures Entertainment); after a USD 250M round in Jul 2024
No confirmed published valuation
Confidence index: High
Method
Solid sources Back
6 WeTravelUnited States · North America Series C · USD 92M · Sep 2025Trips in 206 countries for more than 1.6M travellers · Sep 2025 Last known equity round: Series C · USD 92M · Sep 2025 (Sapphire Ventures; Left Lane Capital, Base10, Cross Creek)
No confirmed published valuation
Confidence index: High
Method
Solid sources Back
7 PeekUnited States · North America Growth · USD 70M · Nov 2025More than USD 1.5bn of bookings processed a year · Nov 2025 Last known equity round: Growth · USD 70M · Nov 2025 (Springcoast Partners; WestCap, Goldman Sachs Alternatives, Eric Schmidt, Paul English)
No confirmed published valuation
Confidence index: Low
Method
Weak sources Back
8 KKdayTaiwan · Asia Growth · USD 70M · Dec 2024Distribution partnerships with Jalan, Tabelog, Viator, GetYourGuide, Agoda and Google · Dec 2024 Last known equity round: Growth · USD 70M · Dec 2024 (Cool Japan Fund; ZUU, De Capital Fund, CHBVC, Darwin Ventures); amount includes credit lines
No confirmed published valuation
Confidence index: Low
Method
Weak sources Back
9 Meow WolfUnited States · North America Growth equity · USD 158M · May 2019Five permanent venues (Santa Fe, Las Vegas, Denver, Grapevine, Houston) · 2025 Last known equity round: Growth equity · USD 158M · May 2019 (87 investors)
Published valuation: about USD 350M (data aggregator) (May 2019)
Confidence index: Low
Method
Weak sources Back
10 SwingersUnited Kingdom · Europe Series C · GBP 40M (about USD 52M) · Jul 2023Venues in London, New York, Washington DC, Las Vegas and Dubai · Jul 2023 Last known equity round: Series C · GBP 40M (about USD 52M) · Jul 2023 (Cain International; other institutional investors)
No confirmed published valuation
Confidence index: Medium
Method
Partial sources Back
11 ROLLERAustralia · Oceania Growth · USD 50M · Oct 20253,000+ venue customers in 30+ countries · Oct 2025 Last known equity round: Growth · USD 50M · Oct 2025 (Insight Partners; J.P. Morgan)
No confirmed published valuation
Confidence index: High
Method
Solid sources Back
12 Rezdy / Checkfront / Regiondo groupAustralia · Oceania Buyout and merger · USD 150M · Feb 2024About 17,000 operator customers and USD 5bn of combined annual bookings · Feb 2024 Last known equity round: Buyout and merger · USD 150M · Feb 2024 (Vertica Capital Partners)
No confirmed published valuation
Confidence index: Low
Method
Weak sources Back
13 Five Iron GolfUnited States · North America Series E · Mar 202640 locations across 16 US states and 5 countries · Mar 2026 Last known equity round: Series E · Mar 2026 (Coral Tree Partners; North Castle Partners, Callaway Golf, Enlightened Hospitality Investments); amount undisclosed
No confirmed published valuation
Confidence index: Medium
Method
Partial sources Back
14 CivitatisSpain · Europe Growth equity · EUR 100M (about USD 110M) · Apr 2022More than 10M customers; 90,000 activities in 4,000 destinations · 2024 Last known equity round: Growth equity · EUR 100M (about USD 110M) · Apr 2022 (Vitruvian Partners)
Published valuation: USD 230M (Oct 2025)
Confidence index: Low
Method
Weak sources Back
15 HeadoutUnited States · North America Series B · USD 42M · Feb 2022Revenue of USD 130M in 2024, profitable at contribution level · 2024 Last known equity round: Series B · USD 42M · Feb 2022 (Glade Brook Capital; Nexus Venture Partners, FJ Labs, 500 Startups); USD 12M (Sep 2021) extended by USD 30M (Feb 2022)
No confirmed published valuation
Confidence index: Medium
Method
Partial sources Back
16 Museum of Ice CreamUnited States · North America Series A · USD 40M · Aug 2019Five permanent locations (New York, Singapore, Chicago, Miami, Boston) · 2026 Last known equity round: Series A · USD 40M · Aug 2019 (Elizabeth Ventures; Maywic Select Investments)
Published valuation: USD 200M (reported, WSJ) (Aug 2019)
Confidence index: Medium
Method
Partial sources Back
17 F1 ArcadeUnited Kingdom · Europe Equity round · GBP 30M (about USD 39M) · Jun 2023Seven venues operating or announced in the UK and the US · Jul 2024 Last known equity round: Equity round · GBP 30M (about USD 39M) · Jun 2023 (Formula One / Liberty Media; Zak Brown, Lando Norris, Logan Sargeant)
No confirmed published valuation
Confidence index: Low
Method
Weak sources Back
18 Sandbox VRUnited States · North America Series B · USD 37M · Nov 2021More than 80 locations; targets about 200 franchise stores by end-2027 · Mar 2026 Last known equity round: Series B · USD 37M · Nov 2021 (Andreessen Horowitz Growth; Alibaba, Craft Ventures)
No confirmed published valuation
Confidence index: Medium
Method
Partial sources Back

Back · Declaring an intention does not mean this company is raising funds. · Terms

Corporate investor? Back the startups of your own segment

Ranking in descending order of AI-estimated valuation, based on public information, with no human intervention on the order. The valuations, ranges and brackets shown are editorial estimates produced by AI, purely indicative and imperfect by nature: neither a financial valuation, nor an offer, nor investment advice. Only the market sets a company’s value, through a funding round or a sale. Ranking established by Claude (Anthropic) from public information, following the published rules. A consensus of several AIs will apply from 1 December 2026. Eligibility: at least $1M raised in equity, non-listed company, main activity in this segment (activities and experiences). Country shown is the country of main operations. Request a correction

How to read this ranking

Rank

Companies are ranked by AI-estimated valuation, highest first. The market sets the value; our AI estimates it.

Estimate

An AI-estimated valuation, its uncertainty range and its order of magnitude. Indicative, and imperfect by nature.

  1. Hundreds of k$
  2. Millions $
  3. Tens of M$
  4. Hundreds of M$
  5. Unicorn
  6. Decacorn
  7. Hectocorn

Confidence

  • High: recent, solid public information.
  • Medium: older or partial information.
  • Low: sparse or single-sourced information.

Full method →

Challengers

A registered company raising funds that is not in the ranking will be able, for a fee, to appear in a separate list labelled “Challengers”, for a set period, with a memo available to verified Backers. The listing has no effect on the ranking. Not open yet.

Sponsored space · no Challenger listed yet

Radar · known eligible companies, not ranked

Sorted by date of last round, with no judgement and no AI call.

  • TripWorks · United States · North AmericaJan 2026 · USD 6M; AI booking platform for tour operatorsBack
  • Aloja · United States · North AmericaJan 2026 · USD 1.4M; dynamic pricing for tours and activitiesBack
  • Immersive Gamebox · United Kingdom · EuropeFeb 2025; majority stake taken by the fund Harlan Capital PartnersBack
  • TourRadar · Austria · Europe2025Back
  • Sawyer · United States · North America2025 · USD 6M; booking software for kids activitiesBack
  • Holibob · United Kingdom · EuropeJun 2024 · USD 12M; B2B distribution of experiencesBack
  • Asoview · Japan · AsiaJul 2023; about JPY 1.5bn including a loan facilityBack
  • PopStroke · United States · North AmericaJan 2023; amount undisclosed; valued at about USD 650M in 2023Back
  • Convious · Netherlands · EuropeJan 2022; EUR 10.6M Series A plus EUR 8.5M extensionBack
  • Otherworld · United Kingdom · EuropeJun 2021 · USD 3.8M; GBP 2.9M for multi-sensory VR venuesBack

Listed benchmarks

Not ranked: no intention is possible on a listed company.

  • Airbnb · United StatesNasdaq · ABNB
  • Tripadvisor (Viator) · United StatesNasdaq · TRIP
  • Booking Holdings (FareHarbor) · United StatesNasdaq · BKNG
  • TUI (Musement) · GermanyFrankfurt · TUI1
  • Lucky Strike Entertainment · United StatesNYSE · LUCK
  • Dave & Buster’s · United StatesNasdaq · PLAY

Sources and method for this segment

Calendar. Global segment rankings are published twice a year. Next edition: March 24, 2027.

Eligibility. At least $1M raised in equity, non-listed company, main activity in this segment (activities and experiences). A company appears in one segment only.

Sources. Company announcements, Skift, PhocusWire, Arival, TechCrunch, Bloomberg, Fortune, Music Business World, Blooloop, FinSMEs, PR Newswire, Silicon Canals, SGB Media.

Method and rules, common to all rankings →