GlobalTix, a ticketing software provider and marketplace distribution platform for the tourism industry, today announced the closing of their S$6.5M Series B funding round led by VC firm, Tin Men Capital.
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The round included participation from SEEDS Capital, ORZON Ventures- a Thailand-based venture capital fund managed by 500 Thailand, and a US-based family office.
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Since its inception in 2013, GlobalTix is now the largest ticket aggregator in Southeast Asia, hosting over 150,000 experiences, 12,000 travel agents and issuing over 12 million tickets annually. With 10 offices across Asia, including China, India, Indonesia, Japan, Korea, Malaysia, Philippines, Thailand, and Vietnam, GlobalTix has a strong presence in key markets. The company has established itself as a preferred ticketing and channel manager partner for world-class attractions in APAC and globally, including Jewel Changi Airport, Mount Faber Leisure Group, Taman Safari Indonesia, Merlin Entertainments and more. GlobalTix’s innovative ticketing and distribution solutions have played a crucial role in streamlining operations for these attractions and enhancing visitor experiences.
The new funding will be instrumental in fuelling GlobalTix’s ambitious expansion plans. A key focus will be exploring and implementing AI-driven solutions to further enhance the company’s technology offerings and maintain the company’s position as an industry leader in the dynamic landscape of travel technology innovation.
Chan Chee Chong, CEO of GlobalTix, stated, “We extend our heartfelt appreciation to our long-standing investors, especially Tin Men Capital, who’ve been integral to our growth as we’ve tripled in size. We’re also pleased to welcome new investors, including ORZON Ventures. This investment will enable us to strengthen our foothold in APAC and expand our market access. We will also deploy AI and predictive analytics to identify trends and optimise pricing for our partners in the tours and activities space, and enhance traveller interactions with attractions.”
Tin Men Capital, a Singapore based VC fund focused on B2B software startups in Southeast Asia, first invested in GlobalTix in 2018. They return as Lead Investors again for this round.
Jeremy Tan, Co-Founder and Managing Partner of Tin Men Capital said, “Since Tin Men Capital invested in 2018, GlobalTix has grown to become the largest tour aggregator in SEA while becoming cash flow positive. Their performance, capital efficiency and resilience has inspired investor confidence to return in this round of funding to scale further. The Tin Men Capital team is excited with this opportunity to help the company build on its momentum to continue to lead innovation in the travel tech industry.”
About GlobalTix
GlobalTix is the leading reservation and distribution platform in the Asia-Pacific region focused on providing end to end solutions for attractions, tours, and activities. GlobalTix also enables the same partners to connect tourist activities to travel agents around the globe seamlessly. Founded in 2013, GlobalTix is used by renowned attractions like Mount Faber Leisure Group, Taman Safari Indonesia, Mandai Wildlife Group, National Gallery Singapore, and partners with industry players such as Singapore Airlines and many global online travel agents (OTAs).
About Tin Men Capital
Tin Men Capital is a Singapore-based venture capital firm licensed by the Monetary Authority of Singapore. It is led by Singapore citizens Murli Ravi (formerly at Temasek Holdings and JAFCO) and Jeremy Tan (formerly at Morgan Stanley and Puma Energy). Tin Men Capital invests in B2B software companies that enable traditional industries to digitise. They back leading industrial technologies and automation opportunities that are coming to the fore in South-East Asia spanning segments such as smart cities, security, manufacturing, agriculture, transportation & supply chain, retail enablement, travel & tourism, and enterprise productivity. Portfolio companies include Hubble, Zipline, GlobalTix, Overdrive, Ailytics and AiPalette.
