Thursday, October 11, 2012

Switchfly Inc. Raises $2.8 Million, Completing $17.8 Million Series C Financing Round




 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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