About Switch
Switch is a company based in New York (United States) founded in 2016 was acquired by FlyMya in April 2017.. Switch has raised $50 thousand across 1 funding round from investors including JetBlue and FlyMya. Switch operates in a competitive market with competitors including Mews, CloudBeds, Guesty, INTELITY and Hotelogix, among others.
- Headquarter New York, United States
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Sectors
TechnologyTravel & Hospitality
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Phone
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Website
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Social
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Funding Insights of Switch
Switch has successfully raised a total of $50K through 1 strategic funding round. The most recent funding activity was a Seed round of $50 thousand completed in December 2016. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $50,000
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First Round
First Round
(07 Dec 2016)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2016 | Amount | Seed - Switch | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Switch
Switch has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include JetBlue and FlyMya. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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JetBlue was founded in 2000 as a U.S.-based low-cost airline.
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Founded Year | Domain | Location | |
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OTA platform in Myanmar with car rental and tour packages
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Switch
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Switch
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Switch Comparisons
Competitors of Switch
Switch operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Mews, CloudBeds, Guesty, INTELITY and Hotelogix, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based software for hotel and hostel operations is managed.
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| domain | founded_year | HQ Location |
Browser-based software solutions for hotels and other accomodations
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| domain | founded_year | HQ Location |
Cloud-based software is provided for vacation rental management and synchronization.
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| domain | founded_year | HQ Location |
Cloud-based solutions for hotel management are provided.
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| domain | founded_year | HQ Location |
Cloud-based hotel management system
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| domain | founded_year | HQ Location |
Property management software is delivered through a SaaS platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Switch
When was Switch founded?
Switch was founded in 2016.
Where is Switch located?
Switch is headquartered in New York, United States. It is registered at New York, New York, United States.
Is Switch a funded company?
Switch is a funded company, having raised a total of $50K across 1 funding round to date. The company's 1st funding round was a Seed of $50K, raised on Dec 07, 2016.
What does Switch do?
Switch was founded in 2016 and is headquartered in New York, United States. Operations focus on the hospitality sector through a SaaS platform that delivers reservation management, property management systems, and channel manager software via API integrations. A Google revenue management API is provided to enable hotels to monitor competitor pricing and generate pricing matrices. Automated billing services are also included in the offerings.
Who are the top competitors of Switch?
Switch's top competitors include Guesty, CloudBeds and Canary Technologies.