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.