SilverRail Technologies, the passenger rail ticketing platform, has raised a further $5m in a round led by PAR Captial. Previous investors include Sutter Hill, Grandbanks Capital, Brook Ventures and Accel Partners, with the London and Boston-based company having already raised $9 million in a series A round.
SilverRail’s non-trivial mission is to consolidate the world’s rail ticketing systems into a single system and offer this up via an API, thus removing the complexity of selling rail tickets, irrespective of operators, geographies and currencies. It says it will use the additional funding to expand capacity by integrating with new rail carrier inventory systems.
SilverRail currently supports data from UK rail, Amtrak in the USA, Via Rail Canada and the rail system in the Benelux countries, with several more due to come on stream soon, says the company.