Tabist Completes Series C Round with Additional 600 Million Yen Funding for a Total of 1.65 Billion Yen
Tabist, which promotes DX (Digital Transformation) in the accommodation and tourism industry, has completed its Series C round with an additional 600 million yen for a total of 1.65 billion yen. This round was through a third-party allotment to Otaru Green Hotel, Tosho Corporation, betaspace, Shibuya Construction, SBI Investment, Mizuho Capital, and Hirogin Capital Partners. The cumulative capital raised since the Series A round amounts to 3.24 billion yen, including this round.
Background and Purpose of the Funding
In the hospitality industry, the market is recovering with the revival of inbound demand and rising minimum wages. However, these benefits are concentrated in urban areas, and many regional accommodation facilities still face the challenge of maximizing sales while improving operational efficiency. Amid these circumstances, Tabist is optimizing OTA (Online Travel Agent) operations and managing Tabist's own website and app, as well as developing AI (Artificial Intelligence) and DX products that can be used in accommodation settings, aiming to build a system that enables highly efficient operations even with limited staff. This funding aims to further accelerate these initiatives and support sustainable growth for accommodation facilities.
Use of Funds and Future Outlook
The funds will be invested in the following areas to promote further growth and solve social issues for both Tabist and its partner facilities:
Strengthening Development of AI and DX Products
Product development aimed at increasing sales and productivity using generative AI
Enhancing Brand and Marketing
Penetration of the Tabist brand and renewal of Tabist website and app to attract customers
Accelerating Flagship Expansion
Nationwide expansion of flagships that form the core of the Tabist brand. Building brand experiences