Taiwanese travel platform KKday raises $75m in Series C round

Taiwan

Taiwanese travel startup KKday has secured $75 million in a Series C funding round led by the state-backed Cool Japan Fund and National Development Fund, per an announcement.

Existing investors including Monk’s Hill Ventures and MindWorks Capital also participated in the funding round.

KKday will use the new funding to continue to expand in Asia and build out Rezio, an all-in-one booking management platform for travel operators. The platform was first piloted during the pandemic to support travel operators and activity providers.

Launched in 2015, KKday engages in local in-destination tours and activities through a collection of curated experiences.

The company offers over 30,000 unique experiences in over 550 cities and 92 countries and claims to have five million users across Asia.

“We believe that KKday’s strong execution and innovative mindset will drive the tourism industry in Japan even under adverse conditions. KKday is uniquely positioned to be a market leader by Ming and his team’s long-term vision and unparalleled experience in the travel industry. We expect that they will leverage a wealth of experience in digitalizing the tourism industry and tap into the rise of independent travelling both in Japan and globally,” said Cool Japan Fund managing director Kazushi Sano.

Last year, the startup raised an $11 million Series B++ round from Cool Japan Fund. In November 2018, KKday had secured an undisclosed amount in Series B+, co-led by LINE Ventures and the Alibaba Entrepreneurs Fund.

Existing investors CDIB Capital and Monk’s Hill Ventures also participated with follow-on investments.

This investment came six months after it raised capital from Alibaba Entrepreneurs Fund and launched a flagship store under Fliggy, Alibaba Group’s travel portal in China.

Prior to that, in February, the firm raised a $10.5 million Series B funding round led by Japanese travel giant H.I.S.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.