What is Mystifly?
Founded in 2009, Mystifly has evolved into a leading provider of SaaS-based solutions for the airline merchandising and retailing space. The company specializes in offering a global airfare marketplace, enabling travel businesses to source local airfares and issue tickets worldwide. Mystifly's core mission is to make air travel selling more affordable, accessible, and convenient by deeply understanding client needs and growth challenges. Its tailored solutions have solidified its reputation as a trusted and reliable platform in the travel industry, serving clients across the UK, USA, and India.
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
Recruit Co. , Ltd.
Recruit Co., Ltd. is a diversified Japanese human resources and technology company. Their investment in Mystifly suggests a strategic interest in the travel technology sector, potentially aligning with broader digital transformation initiatives or expansion into global markets.
Recruit
Recruit's participation in earlier funding rounds indicates a sustained belief in Mystifly's business model and market potential within the travel technology landscape.
Cornerstone Venture Partners
Cornerstone Venture Partners is an early-stage technology venture capital firm that invests in B2B technology solutions. Their involvement in Mystifly's Series B round highlights a focus on scaling innovative SaaS platforms within the enterprise travel sector.
What's next for Mystifly?
The recent major strategic investment into Mystifly, following its Series B financing, indicates a strong confidence from investors in the company's future trajectory. This capital infusion is expected to fuel further innovation in its SaaS offerings, enhance its global market reach, and potentially explore new verticals within the travel technology ecosystem. Mystifly is poised to leverage this backing to solidify its leadership in airline merchandising and retailing, driving continued growth and expanding its service capabilities to meet the evolving demands of the global travel market.
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