SAN FRANCISCO, CA, Oct.
11, 2012—Switchfly, Inc., a leading software-as-a-service (SaaS) provider of
travel, loyalty, online payment and social technology solutions, today said it
has completed the company’s $17.8 million Series C financing round, which was
first announced in March 2012 with an initial $15 million investment .
Participating in the
final $2.8 million Series C financing is a new investor, San Francisco-based Thayer
Ventures, along with existing investors Azure Capital Partners, Canaan
Partners and StarVest Partners. This latest investment brings the
total capital raised by Switchfly to $34.8 million.
Switchfly delivers technology solutions in the areas of
travel commerce, loyalty program management, online and mobile payments, and
social media via its configurable SaaS platform.
While Switchfly works largely behind the scenes as a B2B2C
platform, its clients are some of the world’s most well-known brands spanning
multiple industries, including American Airlines, American Express, Emirates
Airline, Intercontinental Hotels & Resorts, JetBlue, LATAM Airlines Group,
Lufthansa, PayPal, Starwood Hotels & Resorts and United Airlines.
For a complete copy of the company’s news release, please
contact:
:
Jerry Daly
Thayer Ventures
(703) 435-6293
Kate Sullivan
Switchfly, Inc.
1(973) 568-7589
.
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