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.