What is Mystifly?
Founded in 2009, Mystifly operates as a leading SaaS-based platform specializing in airline merchandising and retailing. The company provides travel businesses with solutions to source local airfares and issue tickets globally, making air travel selling more affordable, accessible, and convenient. Mystifly's core offerings are tailored to address the critical needs and growth challenges of its clients, solidifying its position as a trusted airfare marketplace. Headquartered in Singapore, with a global presence including offices in the UK, USA, and India, Mystifly has evolved from an online consolidation platform to a market leader in its domain.
How much funding has Mystifly raised?
Mystifly has raised a total of $16.3M across 3 funding rounds:
Other Financing Round
$5M
Other Financing Round
$3.3M
Series B
$8M
Other Financing Round (2016): $5M with participation from Recruit
Other Financing Round (2020): $3.3M led by Recruit Co. , Ltd.
Series B (2023): $8M supported by Cornerstone Venture Partners
Key Investors in Mystifly
Cornerstone Venture Partners
Cornerstone Venture Partners is an early-stage technology venture capital firm that invests in B2B technology solutions in the US and Israel. The firm focuses on supporting passionate founders and market-driven products, helping them scale their businesses and achieve product-market fit. Their portfolio includes innovative companies in sectors such as Big Data, IoT, sales automation, and predictive analytics. Cornerstone prioritizes building strong relationships with entrepreneurs to empower them on their journey to create impactful and scalable businesses.
Recruit Co. , Ltd.
Recruit Co., Ltd. is a significant entity in the funding landscape, participating in various financing rounds. Their involvement suggests a strategic interest in companies that align with their broader investment portfolio, potentially in technology or service-oriented sectors.
Recruit
Recruit is a notable investor that has provided backing to Mystifly in previous financing rounds. Their continued engagement indicates a sustained belief in the company's business model and growth potential within the travel technology market.
What's next for Mystifly?
With the infusion of this major strategic investment, Mystifly is poised for accelerated expansion and further innovation in the airline merchandising space. The company's focus on SaaS solutions and its established global network suggest a strategic push towards enhancing its technological capabilities and broadening its market reach. This capital infusion will likely support the development of new features, the strengthening of existing partnerships, and the exploration of new market opportunities, reinforcing Mystifly's competitive edge in the dynamic travel technology industry.
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