GlobalTix, a
ticketing software provider and marketplace distribution platform for the
tourism industry, has closed Series B funding round of about $5 million (S$6.5
million) led by Tin Men Capital with participation from Seeds Capital, Orzon
Ventures and others.
Founded in 2013, GlobalTix provides solutions for
attractions, tours, and activities. The company said it is the largest ticket
aggregator in Southeast Asia with more than 150,000 experiences and connections
with 12,000 travel agents. The Singapore-based company said it issues more than
12 million tickets annually in markets including China, India, Indonesia,
Korea, Thailan, Vietnam and more.
The company said the funding will be used to fuel its
expansion plans and to implement artificial intelligence solutions.
Subscribe to our newsletter below
“We extend our heartfelt appreciation to our long-standing
investors, especially Tin Men Capital, who’ve been integral to our growth as
we’ve tripled in size,” said Chan Chee Chong, CEO of GlobalTix.
“We’re also pleased to welcome new investors, including Orzon
Ventures. This investment will enable us to strengthen our foothold in APAC and
expand our market access. We will also deploy AI and predictive analytics to
identify trends and optimize pricing for our partners in the tours and
activities space, and enhance traveler interactions with attractions.”
GlobalTix is as a preferred ticketing and channel manager
partner for attractions in APAC and globally, including Jewel Changi Airport,
Mount Faber Leisure Group, Taman Safari Indonesia, Merlin Entertainments and
more.
“Since Tin Men Capital invested in 2018, GlobalTix has grown
to become the largest tour aggregator in Southeast Asia while becoming cash
flow positive,” said Jeremy Tan, co-founder and managing partner of Tin Men
Capital.
“Their performance, capital efficiency and resilience has
inspired investor confidence to return in this round of funding to scale
further. The Tin Men Capital team is excited with this opportunity to help the
company build on its momentum to continue to lead innovation in the travel tech
industry.”
