Taiwan-headquartered online travel discovery platform KKday, which has recently expanded into Singapore, has raised US$7 million in Series A+ funding, led by Monk’s Hill Ventures and AppWorks.

Other investors who have co-invested in the round include Hong Kong-based Mindworks Ventures, Cathay Venture and Substance Capital (HK).

The funds will be used to accelerate KKday’s international growth and strengthen its position in Asia’s online travel industry.

Launched in Taiwan in early 2015, KKday is a portal specialising in travel experiences. The platform offers more than 6,000-plus experiences from 53 cities all over the world and provides a variety of languages such as Japanese, Korean, English, Traditional Chinese and Simplified Chinese.

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KKday has already established additional offices in Hong Kong, Malaysia, Korea and Japan, in addition to Singapore since closing the Series A funding of US$4.5 million in September 2015.

In the third quarter of the year, the company claims to have recorded ninefold increase in sales from the same period in 2015.

“We target to provide the best traveling experience to all travellers across Asia,” said Ming Chen, Founder and CEO of KKday.

Monk’s Hill Ventures is a venture capital firm that invests into high-growth technology startups in post-seed stage in Southeast Asia, while AppWorks is a leading accelerator in Asia with 305 startups and 660 founders in its alumni network.

MindWorks Ventures is a Hong Kong-based VC firm with focus in the Southeast Asia and Greater China region.

Cathay Venture is a 100 per cent subsidiary of Cathay Financial Holdings, which is the leading financial company in Taiwan.

Substance Capital is a HK-based registered asset management company which has one VC/PE fund and three hedge funds.


Image Credit: KKday