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e27 : Tin Men Capital injects US$9M more into Singapore’s travel-tech company GlobalTix

GlobalTix_founders

 

Singapore-headquartered GlobalTix, a provider of e-ticket distribution solutions for the travel and tourism industry, has secured S$12.5 million (US$9.13 million) in a growth investment round from existing investor Tin Men Capital.

 

Founded by brothers Chan Chee Chong and Chan Chee Kong, GlobalTix operates an e-ticket distribution platform for offline and online travel agencies. With the platform, tourist attractions and activity providers across Asia are able to manage their inventory to a global partner network.

 

The cloud-based electronic ticketing platform provides partners and attractions with many features such as real-time sales, pricing & distribution, product bundling (e.g., city passes), and data analytics.

 

The company claims it currently handles more than US$75 million worth of transactions on its platform annually. It works with sector giants such as Universal Studios Singapore, Singapore Zoo, Kidzania Singapore & Thailand, Waterbom Bali, Singapore Airlines, and Viator and Trip Advisor.

 

“Although the GlobalTix platform already covers inventory for attractions across Asia, we realise that we can do even better by learning from the success of our coverage of tours and attractions providers in Singapore, and repeating that model by investing in having a direct presence in the key in-bound tourism markets in Asia. As such, the timing is right for bringing in growth capital now to accelerate this expansion,” says Chan Chee Chong, CEO of GlobalTix.

 

GlobalTix currently has offices in Singapore, Indonesia, Thailand and the Philippines.

 

Tin Men was launched in March this year by Ravi (previously Head of South Asia Investments at JAFCO Asia Pacific), Jeremy Tan (formerly at Morgan Stanley and Puma Energy), and Benjamin Tan (a seasoned serial entrepreneur and angel investor).

 

Tin Men invests in industrial technologies and automation opportunities that are coming to the fore in Southeast Asia spanning segments such as smart cities, security, manufacturing, agriculture, transportation & supply chain, retail enablement, travel & tourism, and enterprise productivity.

 

In August this year, the fund with a corpus of US$100 million announced the first close and also investments in two startups, namely Overdrive IOT and GlobalTix.

 

by Sainul Abudheen K (e27.co)

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