Deem
Latest round
- Series B
Last raised
- Sep 2014
Total raised
- $352M
Investors
- 8
About Deem
Deem, Inc.Deem, Inc. specializes in corporate travel management, enabling companies to optimize travel processes. Founded in 1999 in Oakland, US, the company has developed its operations over time. Recently, in March 2023, Deem was acquired by Travelport, LP for an undisclosed amount.Deem offers a comprehensive suite of corporate travel management tools designed to enhance efficiency and compliance in business travel. Their core product, an integrated platform, facilitates travel booking, expense reporting, and corporate card management, allowing employees and travel managers to manage travel seamlessly from mobile devices. The platform incorporates customizable travel rules, which improve adherence to corporate policies while empowering employees to book their own travel within established guidelines. Deem’s solutions are aimed at organizations looking to optimize travel spend and enhance user experience, with a client base that includes various corporate sectors across North America and Europe.Deem generates revenue primarily through subscription-based models for its travel management software and related services. Clients typically engage in annual or multi-year contracts that grant access to Deem’s full suite of tools, including its expense reporting and travel booking functionalities. Transactions occur between Deem and corporate clients, where companies pay for a tailored solution that integrates seamlessly with existing processes, enhancing efficiency and compliance. The pricing structure is designed to cater to businesses of varying sizes, allowing for scalable solutions based on their unique travel needs.Looking ahead, Deem plans to leverage the recent acquisition to enhance its product offerings and expand its market presence. They are actively designing new product features aimed at further improving user experience, although specific release dates have yet to be announced. Additionally, Deem is targeting expansion into European and Asian markets by 2024, aiming to increase its global footprint.00 mn will support these initiatives, allowing Deem to invest in technology advancements and marketing efforts to drive growth.
Who invested in Deem
8 investors across 8 rounds
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Funding rounds
Series B
Sep 30, 2014
Amount
$30M
Investors
Series A
Sep 19, 2013
Amount
$85M
Investors
Series G
Nov 30, 2010
Amount
$47M
Investors
Series F
Sep 17, 2009
Amount
$20M
Investors
Series E
Jun 5, 2008
Amount
$96M
Investors
Series D
Jul 12, 2006
Amount
$33M
Investors
Series C
Jun 15, 2005
Amount
$23M
Investors
Series B
Aug 1, 2003
Amount
$18M
Investors
Questions about Deem
Who invested in Deem?
Deem has 8 investors on record across 8 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Deem raised?
Deem has raised 8 venture rounds. Sign up free to see how much each round raised and the total.
When did Deem last raise money?
Deem's most recent round on record is a Series B, in Sep 2014.
What does Deem do?
Deem is a software company.
Where is Deem headquartered?
Deem is headquartered in Oakland, US.
Which VCs invest in companies like Deem?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Deem's stage. Their profiles are linked below.
VCs backing software startups at Series B
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