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April 18, 2011 02:40 pm GMT

SilverRail Raises Further $5M For Its Passenger Rail Ticketing Platform

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.

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/gLfbakluHWY/

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