GlobalTix gets S$3m fresh funding from Tin Men Capital, SEEDS Capital
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LOCAL tour and attractions ticketing platform GlobalTix has received a S$3 million injection from Tin Men Capital and SEEDS Capital, the investment arm of Enterprise Singapore.
The fresh funds will allow the firm to continue investing in developing technological capabilities suited for the post-pandemic "new normal", such as contactless entry into attractions and capacity management. The amount will also allow the firm, which has offices in Hong Kong, Indonesia, Thailand and the Philippines, to deepen its footprint in the region, GlobalTix said in a press statement.
GlobalTix last raised S$12.5 million in a Series A round led by Tin Men Capital in 2018.
The firm was founded by brothers Chan Chee Kong and Chan Chee Chong, a former general manager at the Mount Faber Leisure Group under Sentosa Development Corporation, in 2014. Pre-pandemic, it recorded US$100 million in gross merchandise value, and issued more than three million tickets yearly, according to Tin Men Capital's website.
GlobalTix is one of the five booking platforms engaged by the Singapore Tourism Board to handle redemptions under the S$320 million SingapoRediscovers Vouchers scheme to boost domestic tourism.
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