Published on : Monday, July 17, 2017
Today, the champion of the ‘Best Business Innovation’ award hosted at the Singapore Tourism Awards 2016, declared the closing of A-series round of financial support guided by Raffles Venture Partners and Mr Koh Boon Hwee, the well-known technology investor with his group. Besides, SPRING SEEDS Capital, the investment subsidiary of SPRING Singapore, one of the biggest and renowned groups of travel agencies in Singapore, Chan Brothers Group, and investors from the travel industry Mr Meng Xiong Kuok and Mr Leland Kwee also took part in the round.
This round of investment will help BeMyGuest to additionally speed up the rapid growth of the company across Asia, and ushers in total equity funding to S$11.5M ($8.5M). Last year, the company mainly concentrated on its B2B business, and was back track to reach the sales target of S$100M ($72M) through existing clients and new partnerships with many of the famous B2C travel companies.
To quote Clement Wong, Founder & CEO, BeMyGuest, “This Series A is an affirmation of our vision and validation of our business model. We are certain that the quality of our technology, content and customer service will take us through the next phase of growth with an extremely robust partnerships pipeline going live in 2017 and beyond.
To quote Mr Yap Ning Jee, Raffles Venture Partners, ‘’the upfront commitment to build a solid scalable digital platform has put BeMyGuest in the front seat for Asian online tour & travel activities. We are pleased to support and be involved in this exciting journey with BeMyGuest.” Mr Koh Boon Hwee further commented: “We have been very impressed by the team behind BeMyGuest and are thrilled to have co-led the Series A investment round. BeMyGuest has proven themselves through successfully becoming the largest aggregator of Asian attractions, tours and activities content, and their continued track record in hyper scaling the B2B business. We are confident of the team cementing its position as the category leader.”
Tags: BeMyGuest Series-A