Switchfly, LLC, a San Francisco, CA-based travel ecommerce platform, secured growth funding from Golub Capital and L Capital LLC.
The amount of the deal was not disclosed. As part of the deal, the board added chairman Bart Foster, co-founder and managing partner of specialty private equity firm L Capital LLC, and independent board member Jeff Kinder.
The company intends to use the funds to enhance its loyalty and dynamic packaging solutions, building a network of content and ancillaries in the marketplace for its customers, and drive additional innovation across its product portfolio, incorporating new technologies like machine learning and artificial intelligence into its offering.
Switchfly is a travel ecommerce platform that powers dynamic packaging, loyalty and other online travel solutions for airlines, financial services companies, hotels and other travel brands across the globe, enabling them to drive incremental revenues, maximize conversion rates and increase consumer engagement. Through its data-driven approach and its global network of ancillary merchandise for activity, air, car, hotel and insurance, the company allows brands to optimize their inventory and revenue management and create relevant, personalized experiences for their customers.
Switchfly partners with airlines (including American Airlines, LATAM and Avianca); loyalty programs (including IAG Avios and American Airlines Advantage); hospitality groups (including InterContinental Hotels Group, Marriott International and Starwood Hotels and Resorts); and financial service companies (including American Express and MasterCard).
FinSMEs
24/01/2019