GlobalTix prepares to expand its presence in Asia with its latest S$12.5 million growth investment round raised from Tin Men Capital
Dhaka: GlobalTix Pte Ltd, a travel trade ticket distribution platform headquartered in Singapore, has completed a S$12.5 million (US$9.12 million) growth investment round from Tin Men Capital that will help expand its presence in Asia.
The company, founded by brothers Chan Chee Chong and Chan Chee Kong, owns and operates an electronic ticket distribution platform connecting tourist attractions, tours and activities providers with online and offline travel agents worldwide.
The investment round will grow the platform’s “direct presence in key inbound tourism markets in Asia”, said Chan Chee Chong, CEO, GlobalTix.
The company currently handles more than US$75 million in transactions annually on its platform covering inventory for attractions across Asia.
It has offices in Singapore, Indonesia, Thailand and the Philippines counting Universal Studios Singapore, Singapore Zoo, Kidzania Singapore and Thailand, Waterbom Bali, Singapore Airlines, Viator and Trip Advisor among its partners.
The platform provides partners and attractions with features including real-time sales, pricing and distribution, product bundling such as city passes and data analytics.
“We are very clear that our long-term success depends on our ability to innovate and improve, so that more merchants across Asia, however big or small, can benefit from our technology and a global marketplace. This requires not just funds, but expertise in scaling, which is why we warmly welcome Tin Men as the perfect match for us,” remarks Chan Chee Kong, COO of GlobalTix.
Tin Men Capital is a Southeast Asia-focused B2B venture capital firm.