Singapore-based provider of travel activities and tours in Asia, BeMyGuest, has secured a new round of funding in Series B “largely from internal stakeholders” to drive continued development in its Asian home market.
The technology and distribution specialist did not disclose the amount of the new funding. But its CEO & co-founder Blanca Menchaca said it “will take the company through its next phase of growth including the launch of a number of progressive technological initiatives.”
In July 2017, BeMyGuest closed Series A that brought its total equity funding to S$11.5 million (US$8.5 million at the rate of exchange then).
Blanca Menchaca: New funding to take the company through its next phase of growth. (Image credit: BeMyGuest)
Menchaca said the company is committed to building on its unique model that “combines strong distribution with a powerful API to some of the largest OTAs in markets such as Indonesia, China, Korea and Vietnam.”
BeMyGuest recently launched a SaaS (Service as a Software) platform to empower more operators as they can get “affordable tech” to connect to BeMyGuest’s distribution network, as well as use for their own business opportunities.
According to Menchaca, this approach was needed in Asia where tech adoption is low among a large proportion of operators. “We want to empower more operators with tech so that the entire market grows and everyone wins.”
The company has established “a unique and agnostic B2B position in Asia” she added, and has set up a number of tech initiatives including the “most robust API platform” in the attractions and tours & activities vertical, supporting more than 50 integrations with the largest OTAs in the region.
Last October the company unveiled Xplore, a booking system and channel manager described as “specifically tailored to the unique needs of Asian attractions, tours and activity operators”.
BeMyGuest has seen a doubling of its revenues for the fourth year running, said Menchaca, but she did not disclose any figures. She expects the company to maintain the rapid pace of growth this year, attributing it to its “innovative API, scaling connectivity” and support from many of the region’s top online travel groups.
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