Travel experience platform KKday has raised $70 million in new financing that it plans to put towards expansion.
The investment in the Taiwan-based company comes from Cool Japan Fund, Taiwan’s national development fund, ZUU, De Capital Fund, CHBVC and Darwin Ventures, along with credit lines from several financial institutions.
Founded in 2014, KKday has earmarked a portion of the funds for mergers and acquisitions in the Asia-Pacific region to enhance its market position. It also plans to invest in artificial intelligence and research projects. Additionally, KKday aims to deepen its presence across APAC by recruiting in key markets.
"This funding round is a testament to the trust our
investors place in KKday's vision and our ability to revolutionize travel
experience for millions of travelers seeking new and unique experiences," said
Ming Chen, founder and CEO of KKday.
"We're excited to leverage these
resources to expand our footprint, invest in cutting-edge technology, and bring
unparalleled travel experiences to a global audience."
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The news comes on top of KKday's recent moves to strengthen its position in Japan with a focus on B2C products. The company has also partnered with Jalan, a Japanese accommodation booking platform, to offer access to Japanese accommodations directly through the KKday app.
It has also partnered with Tabelog, a Japanese restaurant review platform, enabling KKday users to make reservations at more than 42,000 restaurants across Japan. To expand its global reach and product offerings, KKday also has partnered recently with Viator, GetYourGuide, Agoda and Google Things to Do.
KKday announced $95 million in Series C+ funding in mid-2022 and said it wanted to expand its footprint across Asia. The company had previously raised $75 million in a Series C round in 2020.