Passenger Secures $8.3 Million in Series B Funding
Tweet8/7/07 – Passenger, the Los Angeles-based provider of on-demand software that creates private brand communities for company collaboration with customers, today announced that it has secured $8.3 million in series B funding led by Steamboat Ventures, a venture capital firm affiliated with The Walt Disney Company. Shelter Capital Partners, which led Passenger’s series A funding, and StarVest Partners also contributed to the round.
The company says that concurrent with the investment, Dan Beldy, managing director of Steamboat Ventures, and Larry Bettino, general partner at StarVest Partners, will join the company’s board of directors.
Passenger develops software-as-a-service that enables brands and customers to collaborate within the social context of a private online community. It says the capital will be used to accelerate sales and product development, and to open a New York office.
Passenger says its total funding has now reached approximately $12.5 million.
Passenger – www.thinkpassenger.com
Steamboat Ventures – www.steamboatvc.com
