Ticketing platform GlobalTix raised $4.97 M Series B Funding from Tin Men Capital
The closing of GlobalTix’s S$6.5 million ($4.97 million) Series B funding round, spearheaded by venture capital firm Tin Men Capital, was announced on Monday. GlobalTix is a ticketing software provider and marketplace distribution platform for the tourism industry.
The company said in a statement that SEEDS Capital, a US-based family office, and ORZON Ventures—a Thailand-based venture capital fund run by 500 Thailand—participated in the round.
As the biggest ticket aggregator in Southeast Asia, GlobalTix was founded in 2013 and now has over 150,000 experiences, 12,000 travel agents, and 12 million tickets issued annually.
GlobalTix is well-established in important markets, with ten offices spread throughout Asia, including China, India, Indonesia, Japan, Korea, Malaysia, Philippines, Thailand, and Vietnam.
Jewel Changi Airport, Mount Faber Leisure Group, Taman Safari Indonesia, Merlin Entertainments, and other top attractions in Asia and around the world have chosen the company as their preferred partner for ticketing and channel management. The cutting-edge ticketing and distribution solutions offered by GlobalTix have been instrumental in improving visitor experiences and expediting operations for these attractions.
According to the company, the additional funding will be crucial to accelerating GlobalTix’s aggressive expansion plans.
To further improve the company’s technological offerings and keep the company’s position as an industry leader in the ever-changing field of travel technology innovation, a major focus will be investigating and putting AI-driven solutions into practice.
Chan Chee Chong, CEO of GlobalTix, stated, “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 optimise pricing for our partners in the tours and activities space, and enhance traveller interactions with attractions.”
GlobalTix was initially funded in 2018 by Tin Men Capital, a Singapore-based venture capital fund that specializes in B2B software startups in Southeast Asia.
They return as Lead Investors again for this round. Jeremy Tan, Co-Founder and Managing Partner of Tin Men Capital said, “Since Tin Men Capital invested in 2018, 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 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.”
