Las Vegas, NV — Rezdy LLC, the innovative and fast growing B2B online distribution and reservation platform for tours, activities and attractions has raised $1.8M ($2.4M AUD). The fresh equity is specifically earmarked to fund its U.S. expansion. This announcement follows on the heels of hiring travel industry veteran Bob Gilbert to head its U.S. sales team, and the expansion of the company’s US-headquartered team in Las Vegas.
Bailador Technology Investments led the latest round of funding. “Our current investors have demonstrated faith and confidence in our growth plans and support for our U.S. expansion,” said Simon Lenoir, co-founder and Chief Executive Officer of Rezdy. “Most existing investors used their pre-emptive rights (the right to invest in follow-on rounds) demonstrating solid commitment and a strong belief in the business’ growth prospects.”
Andrea Kowalski, Investment Director at Bailador, commented on the round, “We are very excited by the opportunity the U.S. 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.”
“Rezdy currently generates more than half its revenue outside of Australia, demonstrating its ability to successfully compete globally.” – Andrea Kowalski, Bailador
A new investment partner, the Microequities VC Fund, participated in the round. Australian entrepreneur Les Szekely, a Director of Microequities, has been on the Rezdy board since very early days and was the first business angel to believe in Rezdy’s success.
“The Rezdy mission is to automate the booking process for tour and activity providers making them more efficient and profitable. Once their inventory is hosted by Rezdy “in the cloud” they can take bookings direct via their own website. They can also greatly scale their sales by distributing their product through Rezdy’s retail distribution. The Rezdy software handles all the distribution accounting and cash collection seamlessly,” said Gilbert. “In the USA alone, there are approximately 67,000 activity related businesses valued at US$20 billion in the tour and activity space. We offer those activity companies a robust platform for business growth – industry leading online booking software tightly integrated with a state-of- the-art distribution capacity.”
For more news about Rezdy, see the full list of Rezdy mentions.