Global financial titans have taken an interest in supporting the next travel technology company likely to go public. Hotel booking technology startup SiteMinder said on Tuesday it had received $74 million ($100 million Australian) in a Series D investment round. Fidelity International, the asset management titan, led the round.
The investment comes after BlackRock, the world’s largest money manager, in January 2020 took a sized equity stake in the Sydney-based startup, which helps hoteliers get guests online.
SiteMinder has begun preparations toward seeking regulatory approval to go public. The latest funding was at an enterprise valuation “in excess of” around $733 million (about $1 billion Australian),” according to financial filings.
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Neither Fidelity nor BlackRock are the majority owners.
Before this round, the company had raised approximately $120 million in capital from investors, including AustralianSuper,…