Rezdy raises $3 Million to continue North American Expansion
via rezdy.com
Las Vegas, NV — Rezdy LLC, the global B2B online distribution and booking software platform for tours, activities and attractions has opened a second US office. The new office, based in Raleigh, North Carolina will support its expanding US and Northern Hemisphere customer base.
Rezdy’s latest expansion was fueled by a multimillion dollar cash infusion dedicated to US growth.
An additional $3M was raised from existing investors lead by The Microequities VC Fund and Grand Prix Capital. This was an interim round to fund acceleration in the international growth of Rezdy ahead of a larger equity round later next year.
Les Szekely the Managing Director of Grand Prix stated, “We have been investing in Rezdy since the beginning and have seen continuous year-on-year growth. This is our second US expansion which underscores the importance we place on growing in the large, and largely untapped US and North American market.”
“We have been investing in Rezdy since the beginning and have seen continuous year-on-year growth. This is our second US expansion which underscores the importance we place on growing in the large, and largely untapped US and North American market.” – Les Szekely, Managing Director of Grand Pix
Chris Atkin, Rezdy COO/CFO noted “There is an ever-growing demand for better technology to manage travel activity bookings as well as increase distribution. Tour, attraction and activity companies are always looking for ways to get more bookings online by automating their marketing and operations, and by connecting to new distribution channels. Rezdy empowers businesses by providing unparalleled service in all three of these areas. Demand has been robust in North America and we needed to embrace that demand by opening another office. We selected Raleigh because it is a thriving hub for technology.”
In the USA alone, there are approximately 67,000 businesses valued at US$20 billion in the tour and activity space. This makes it the third largest segment of the travel industry after air and accommodation (WIT, 2016).
The Rezdy platform empowers travel and activity companies to streamline their businesses through automation of their marketing and operations with features such as seamless online booking integration, mobile bookings, resource allocation, customizable manifests and a worldwide network of payment gateway options. In addition, Rezdy provides global distribution channels, enabling companies to expand their business even further. Rezdy’s B2B technology and open API platform architecture make it easy for suppliers and travel operators to consolidate and integrate internal systems and other web applications within the platform itself.
For tour, activity and attraction companies, Rezdy provides a gateway to multiple distribution channels (e.g. OTAs (Online Travel Agents), hotel concierges, DMOs, tour operators, offline travel agents), etc. Rezdy’s customers are also able to control what inventory is pushed through these distribution channels and set the appropriate commission rates and terms, all in real-time.
For travel agents, Rezdy helps source and access more products to offer their customers. Agents contract directly with suppliers, or opt-in to distribute at the supplier’s standard rate and commission.