Bailador has invested a further $1m in Rezdy, as part of a $2.4m round, to support the company’s US expansion.
Rezdy delivers an online software package for tours and activity providers, as well as offering business-to-business marketplace aggregating tours and activities that are made available to resellers – such as travel agents, concierge desks, OTAs and reservation engines.
The company also provides marketing tools to sell tours and activity products online, and distributes these with integrated agents.
Andrea Kowalski, Investment Director at Bailador, said: “We are very excited by the opportunity the US market presents for Rezdy. The company has benefited from a strong foothold in this region without a significant presence on the ground, underscoring the extent of the opportunity created with fresh capital to focus growth efforts.
“Rezdy currently generates more than half its revenue outside of Australia, demonstrating its ability to successfully compete globally.”
Bailador led the $2.4m funding round for Rezdy which was well supported by existing investors, and saw new investment partner Microequities VC Fund also participate.
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