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Venture Capital News: SION Raises $3.2 Million in Seed Funding

2022-12-07
OCEANPORT, NJ, SION, a SaaS platform that manages commission payments for travel advisors and agencies, announced $3.2 million in seed funding.
SION, a SaaS platform that manages commission payments for travel advisors and agencies, announced $3.2 million in seed funding led by TIA Ventures with participation from SmartFlyer and Virtuoso to advance its promotion of a more robust and open travel tech ecosystem. SION will use the funding to accelerate product development and create automated commission chasing, ramp up integrations, and launch a new payment processing system. This will further instill SION as a robust resource for travel advisors to support their growing businesses, improve organization and payment processing, and increase profitability. The company's new funding follows $1.3 million it secured in a pre-seed round in 2020.
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