Singapore-based ticketing platform GlobalTix has raised S$6.5 million (US$4.98 million) in a Series B funding round led by Tin Men Capital. The investment, announced on 14 October, also saw participation from SEEDS Capital, ORZON Ventures, and a US-based family office.
Founded in 2013, GlobalTix has grown to become the largest ticket aggregator in Southeast Asia. The company currently hosts over 150,000 experiences, works with 12,000 travel agents, and issues more than 12 million tickets annually. With offices in 10 Asian countries, including China, India, and Japan, GlobalTix has established a strong regional presence.
But what does this new injection of funds mean for GlobalTix? Here's what they're planning to do:
Grow bigger: GlobalTix wants to expand their reach in Asia-Pacific. This could mean working with more tourist attractions or entering new countries.
Get smarter with AI: The company is looking to add artificial intelligence to their system. This could help them predict popular tickets or suggest when to change prices.
Make things easier for travellers: They aim to improve how people buy and use tickets for attractions, possibly by making their app or website more user-friendly.
Stay ahead of the game: The travel tech world is always changing, so they want to keep up with new trends.
Develop new tools: They plan to create new ways to spot trends in the tour and activity market, which could help attractions set better prices.
Chan Chee Chong, the CEO of GlobalTix, said: "This investment will enable us to strengthen our foothold in APAC and expand our market access."
Jeremy Tan from Tin Men Capital, the main investor, added: "GlobalTix has grown to become the largest tour aggregator in SEA while becoming cash flow positive. Their performance, capital efficiency and resilience has inspired investor confidence."