GlobalTix raises growth round from Tin Men Capital
By Digital News Asia November 29, 2018
- Startup handles over US$75 million worth of transactions on its platform annually
- GlobalTix currently has offices in Singapore, Indonesia, Thailand and the Philippines
GLOBALTIX Pte Ltd, a Singapore-headquartered startup foundedby brothers Chan Chee Chong and Chan Chee Kong, announces the completion of a growth investment round from Tin Men Capital. The S$12.5 million (US$9.08 million) in capital-raise will be used to accelerate expansion to other Asian markets
GlobalTix owns and operates an e-ticket distribution platform serving the tourism industry by helping to connect tourist attractions with online and offline travel agents across the globe.
With the platform, tourist attractions and activity providers across Asia are able to leverage on cutting edge technology to list and manage their inventory to a global partner network.
These partners in turn are able to satisfy end-consumer demands via real-time bookings and the convenience of a single paperless ticket that is accepted across several attractions and activity operators.
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), data analytics and more.
The company currently handles more than US$75 million worth of transactions on its platform annually, and works with sector giants such as Universal Studios Singapore, Singapore Zoo, Kidzania Singapore & Thailand, Waterbom Bali, Singapore Airlines, Viator and Trip Advisor, among many others.
Tin Men Capital is a Southeast Asia-focused, operationally intensive, B2B venture capital firm. The firm is licensed by the Monetary Authority of Singapore and run by venture investor-operators Murli Ravi, Jeremy Tan and Benjamin Tan.
“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, who is himself a seasoned domain specialist having spent his career in the Travel and Attractions industry, with Singapore Airlines and Sentosa Development Corporation.
“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, a financial services industry veteran and the elder of the brothers.
Tin Men co-founder, Jeremy Tan, adds: “GlobalTix have proven outstanding traction in what they had set out to do, while executing with the values and work ethic which is totally aligned with our own, as displayed by the Chan brothers and their team. We are elated to come together to chart the future together across Southeast Asia, the broader Asia Pacific region and beyond. Already, we have identified markets and partners from our operating network to kickstart the effort.”
GlobalTix currently has offices in Singapore, Indonesia, Thailand and the Philippines.