SilverRail raises $40 million — CEO interview
SilverRail Technologies, a business-to-business platform for train ticketing, has raised $40 million in a new venture capital round meant to fast-track its growth.
The Series C round is being led by Mithril Capital Management. Four existing SilverRail investors are also chipping in: Canaan Partners, Sutter Hill Ventures, and Brook Venture Partners.
SilverRail’s funding now totals $73 million. The startup would not reveal what valuation the fresh round placed on the company.
Since its 2009 launch, it has raised $29 million in seed and series A and B funding. It has also pulled in $3 million as part of a tuck-in acquisition.
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