October 29th 2015 – Sydney, Australia
Rezdy, the leading booking software provider for tours and activities, aggregating 28,000 tours from 73 countries, announced today a $3M Series A fundraising led by Bailador Technology Investments. David Kirk, who captained New Zealand’s All Blacks in the 1987 Rugby World Cup and former Fairfax Media CEO, will be appointed as Chairman.
Simon Lenoir, CEO, commented: “Bailador’s experience in the industry is unparalleled. With their support we are looking forward to building the world’s leading channel manager for tours and activities. In the last 12 months Rezdy has doubled its customer base and is now connecting more tour and activity providers to more distribution channels than anyone else in the travel industry.” Currently, 40% of Rezdy’s revenues are generated outside of Australia, the region where Rezdy was founded and has since established itself as market leader.
“We are very pleased to welcome Bailador to the Rezdy family. With David Kirk as the new Chairman of the Board Rezdy gains valuable insight from his experience, particularly as a Director of SiteMinder, one of the first investments in Bailador’s fund. Bailador played a critical role in helping SiteMinder become a global leader in the accommodation industry,” says Les Szekely from Grand Prix Capital, a seed investor in Rezdy.
Rezdy will use the funds to boost its growth in the United States and improve customer success by adding more features. Rezdy partners with the world’s leading online travel agencies and as such, will continue the development of additional API connections with each new partnership. Used by over 1,000 tour operators in 12 different languages, Rezdy’s platform is highly flexible and the perfect fit for any tour or activity provider. Rezdy provides all the tools used by large companies at a fraction of the cost. Customers can manage their daily operations and staff, accept online bookings and direct payments on their own website, and connect with a network of 600 travel agents and hotels.
Rezdy recently launched its new marketplace, a B2B platform where tour and activity operators can network and trade with agents. “A lot of bookings in the tour and activity market are done by agents. With the marketplace, we believe we have ‘cracked the code’ to manage the relationship between supplier and agent.” says Lenoir.