SeaX Ventures Invests in Globaleur’s Series A
SeaX Ventures, a deep-tech venture capital fund committed to empowering innovative startups in their growth journeys across the globe, has invested in the Series A financing of MG Innovation Lab, Inc. (also known as Globaleur). Globaleur is a travel tech company with a mission to create an ultimate travel experience for everyone.
Globaleur is one of the first companies to apply AI-powered personalization to the travel industry. Its smart drag-and-drop itinerary management platform, customized by the user’s profile, helps travelers make the most out of their well-deserved vacations. The platform also integrates seamlessly with the airline’s booking interface and consolidates travel inventories in the respective destinations at the best price to provide the most convenient traveler’s experience in every step from planning to the end of their journeys.
Dr. Kid Parchariyanon, Founder and Managing Partner of SeaX Ventures, commented on the raise by stating the following: “We have seen a mega trend in AI-powered personalization across multiple industries in the past few years, and we believe this will become a new norm going forward. The Globaleur team has an excellent understanding of the travel industry and its clients. They have gone through the Covid-19 headwinds, and we believe this is the right time for them to take off. We are very excited to be part of this journey!”
“Having SeaX Ventures as a partner unlocks so many opportunities for us in our global expansion endeavors. They have a very good understanding of our business and also an expansive network in Asia. We are fully aligned to transform the travel industry together” said David Lee, the Co-Founder and CEO of Globaleur”
Other investors in this round include KNET Investment Partners and Big Basin Capital.
About SeaX Ventures
Southeast Asia Exponential (“SeaX”) Ventures is a venture capital fund investing globally in early-stage companies with game-changing “exponential” technologies in sustainability, web3, biotech, and other high-growth areas. We cooperate with our LPs, which are a few of the largest corporates in Asia, to accelerate the growth of companies in our portfolio.
