SilverRail provides a search and distribution platform that aggregates global rail content into a unified system through direct supplier connections. Co-founded in 2009 by Aaron Gowell and Will Phillipson and based in Woburn, MA, the company standardizes the search, booking, and fulfillment processes for rail carriers and sellers. Its platform is connected to markets accounting for $60bn in rail transactions across North America and Europe, and the company is expanding into Asia. SilverRail plans to use its new funding to accelerate integration of global rail carriers and continue building its search technology. It will also expand carrier IT solutions, including multi-modal journey planning and pricing, booking and reservation management, inventory and seating management, and reporting and analytics. The company recently closed a $40m Series C to support these initiatives. SilverRail Technologies operates SilverCore, a global distribution marketplace that aggregates rail content and standardizes search, booking, and fulfilment through direct supplier connections. Founded in 2009 by CEO Aaron Gowell and Will Phillipson, the company is based in London and Boston. It currently offers in-country and multi-country ticketing across eight countries, including the UK, Belgium, the Netherlands, Luxembourg, Spain, Germany, Canada and the US. Over the past year SilverRail added carriers such as Renfe and ViaRail and partners with travel sellers including ebookers, GetThere, Egencia, KDS, AgentWare, Atriis Technologies, Dolphin Dynamics, eGlobalfares, Orbitz for Business and Rearden Commerce. The company aims to have all of Europe’s major rail carriers integrated into SilverCore within two years and plans to accelerate cross-border and inter-carrier journey planning. Financially, SilverRail raised $15m in a Series B led by Canaan Partners, with participation from Sutter Hill, Accel Partners, GrandBanks Capital and Brook Ventures to fund these initiatives. SilverRail operates a passenger rail ticketing platform. TechCrunch reports the company has raised a further $5M to support that platform. The article presents the raise as an additional capital injection for SilverRail’s ticketing business. The piece describes the company’s product as a passenger rail ticketing platform and situates the funding in that context. The provided report does not include operating metrics, investor names, financing instrument details, valuation, or other financial specifics.

Total raised

$60M

Funding rounds

3

Latest round

Series C

Latest activity

Apr 2014