Tin Men Capital injects US$9M more into Singapore’s travel-tech company GlobalTix
GlobalTix’s cloud-based e-ticketing platform provides partners
and attractions with features such as real-time sales, pricing
& distribution, and product bundling
Singapore-headquartered GlobalTix, a provider
of e-ticket distribution solutions for the travel and tourism
industry, has secured S$12.5 million (US$9.13 million) in a growth
investment round from existing investor Tin Men Capital.
Founded by brothers Chan Chee Chong and Chan Chee
Kong, GlobalTix operates an e-ticket distribution platform for
offline and online travel agencies. With the platform, tourist
attractions and activity providers across Asia are able to manage
their inventory to a global partner network.
The cloud-based electronic ticketing platform provides partners
and attractions with many features such as real-time sales, pricing
& distribution, product bundling (e.g., city passes), and data
The company claims it currently handles more than US$75 million
worth of transactions on its platform annually. It works with
sector giants such as Universal Studios Singapore, Singapore Zoo,
Kidzania Singapore & Thailand, Waterbom Bali, Singapore
Airlines, and Viator and Trip Advisor.
“Although the GlobalTix platform already covers inventory for
attractions across Asia, we realise 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. As such, the timing is right for bringing in growth capital
now to accelerate this expansion,” says Chan Chee Chong, CEO of
GlobalTix currently has offices in Singapore, Indonesia,
Thailand and the Philippines.
Tin Men was launched in March this year by Ravi (previously Head
of South Asia Investments at JAFCO Asia Pacific),
Jeremy Tan (formerly at Morgan Stanley and Puma Energy), and
Benjamin Tan (a seasoned serial entrepreneur and angel
Tin Men invests in industrial technologies and automation
opportunities that are coming to the fore in Southeast Asia
spanning segments such as smart cities, security, manufacturing,
agriculture, transportation & supply chain, retail enablement,
travel & tourism, and enterprise productivity.
In August this year, the fund with a corpus of US$100 million
announced the first
close and also investments in two startups, namely Overdrive IOT and GlobalTix.