SiteMinder secures $30m funding
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Technology provider SiteMinder has received a US$30 million investment from Silicon Valley-based Technology Crossover Ventures (TCV) to fund its global growth.
The funding will allow the company to expand in the Americas as well as in Europe and Asia.
TCV has previously put money into Facebook, Expedia and Netflix.
“We have been following SiteMinder for a number of years and have been impressed with the company¹s rapid growth, which has been fueled by market-leading product development and a strong, talented team. As a pioneer, SiteMinder¹s culture of innovation is unparalleled by any other in the sector. We are excited about this partnership and look forward to working with SiteMinder in continuing its global expansion,” said David Yuan, TCV general partner.
Yuan and Erik Blachford, TCV venture partners and former Expedia CEO, will join the SiteMinder board.
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