Online experiences marketplace Headout has raised $12 million in its Series B round led by Glade Brook Capital. The round also saw participation from existing investors Version One Ventures, Nexus Venture Partners, FJ Labs, 500 Startups, Haystack and Ludlow Ventures and new investors Espresso Capital and Practical VC.
The funds will be used for expanding the company operations to 300 more cities and for hiring an additional 150 employees across the globe. The company is also actively pursuing acqui-hires of travel, entertainment and AR centric startups to help shape its future direction, said Headout in a press statement.
