SiteMinder Connects with $30M Financing Led by TCV
January 16, 2014
Online hotel distribution and connectivity platform SiteMinder has raised $30 million in funding led by Technology Crossover Ventures. The new capital will allow the company to scale and fulfill the rising demand for its products in the Americas, while building on its already established position in the European and Asian markets. SiteMinder will apply a portion of the funds to build on existing products, adding value for its 11,000+ customers, as well as to develop new products aimed at satisfying the growing requirement that hotels have to extend their sales reach on the Web.