SilverRail Technologies Raises $15M in Series B Funding

Published On March 21, 2012 |

SilverRail Technologies, a London, UK and Boston, MA-based operator of a global rail ticketing platform, has raised $15m in Series B funding.

The round was led by Canaan Partners, with participation from existing investors Sutter Hill, Accel Partners, GrandBanks Capital and Brook Ventures.

The company intends to use the funding to accelerate the addition of rail carriers and the development of cross-border and inter-carrier journey planning. This news follows a year in which SilverRail added several new rail carriers to its platform, including Renfe in Spain and ViaRail in Canada, and partnered with global travel sellers ebookers, GetThere, Egencia, KDS and others to offer multi-country rail into their core booking platforms. The company’s goal is to have all of Europe’s major rail carriers integrated into the SilverCore platform in the next two years.

Founded by CEO Aaron Gowell and Will Phillipson in 2009, SilverRail has created a marketplace that allows rail operators and travel sellers to connect with each other. SilverCore, its global distribution platform, aggregates global rail content into a unified system through direct supplier connections, standardizing the search, booking, and fulfilment processes. It currently offers in-country and multi-country ticketing in eight countries, including the UK, Belgium, Netherlands, Luxemburg, Spain, Germany, Canada and the US.
Tickets are made available through SilverRail’s partners AgentWare, Atriis Technologies, Dolphin Dynamics, ebookers, Egencia, eGlobalfares, GetThere, KDS, Orbitz for Business and Rearden Commerce.

The company intends to use the funding (http://www.silverrailtech.com/careers).

FinSMEs

21/03/2012

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