Tin Men Capital injects $9.1m in SG e-ticket platform GlobalTix

GlobalTix founders

Singapore-based e-ticket distribution platform GlobalTix Pte Ltd has raised S$12.5 million ($9.1 million) in a Series A round from venture capital firm Tin Men Capital to accelerate its expansion across Asia, according to an announcement on Thursday.

Founded by brothers Chan Chee Chong and Chan Chee Kong, GlobalTix operates a cloud-based e-ticket distribution platform that allows travellers to book tourist attractions with online and offline travel agents.

“Although the GlobalTix platform already covers inventory for attractions across Asia, we realize 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,” Chee Chong, CEO of Global Tix, said in the statement.

GlobalTix claims it currently handles more than $75 million worth of transactions on its platform annually. It has offices in Singapore, Indonesia, Thailand and the Philippines.

Co-founded by Murli Ravi, Jeremy Tan and Benjamin Tan, Tin Men Capital announced the first close of its $100-million debut fund in August. It primarily invests in B2B industrial technologies and automation opportunities in Southeast Asia including smart cities, security, manufacturing, agriculture, transportation and supply chain, retail enablement, travel and tourism, and enterprise productivity.

Also read:

VCs can’t do both B2C and B2B deals, says SG-based Tin Men Capital

Tin Men Capital secures first close of $100m B2B tech fund

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.