Taiwanese travel e-commerce platform KKday has secured around $70 million in a financial round that saw participation from several new and existing investors, according to a company release on Thursday.
Japan government-backed Cool Japan Fund, Taiwan’s National Development Fund, Taiwan-based venture capital firm Darwin Ventures, and Chang Hwa Bank Venture Capital, the wholly-owned subsidiary of Chang Hwa Bank, were among the participants.
The travel experience firm also secured several credit lines from financial institutions. A “significant portion” of the proceeds will be used for M&As of potential targets in the Asia Pacific region to consolidate the firm’s market position. The rest will be dedicated to AI research project…
