Taipei-based travel startup KKday closed its latest $75 million funding round, helped by a pivot to domestic package tours after the Covid-19 pandemic devastated the global tourism industry this year.

The Series C funding was led by Tokyo-based Cool Japan Fund and Taipei-based National Development Fund, while existing investors including Monk’s Hill Ventures and MindWorks Capital also participated. KKday, which previously focused on offering ground package tours at foreign destinations, saw sales plunge 90% to hit rock bottom in March but its shift to domestic tourists has since paid off, founder and Chief Executive Officer Ming Chen said in an interview.

“We were able to secure new funding because investors saw that we acted swiftly and that we were able to execute changes during a crisis,” the 47-year-old Chen said. “Taiwan’s domestic travel began to rebound in May, and it exploded in late June. We saw sales from domestic travel in Taiwan grow five times from the same period of last year in July and August.”