# Redeam

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/redeam

- Industry: Software
- Headquarters: Boulder, US
- Website: www.redeam.com
- Total disclosed funding: $20M
- Latest round: Series B (Mar 30, 2021)
- Investors on record: 6

## About

Redeam, Inc. operates a technology platform that connects tourism companies with ticket resellers, streamlining ticket sales and bookings through innovative solutions tailored for the travel and entertainment industries.Founded in 2015 and headquartered in Boulder, US, Redeam, Inc. provides a platform that enhances the distribution of tickets for various activities. The company has conducted 2 deals, with the most recent funding round being a Series B totaling USD 12.000 mn, raised on 30 March 2021. Key investors in this funding round included Boulder Ventures, Cobre Capital, Peninsula Ventures, Thayer Ventures, and Vertical Venture Partners. CEO Melanie Meador leads the company.Redeam primarily offers a technology platform that facilitates the connection between "things to do" companies and third-party resellers of tickets. Their core product suite includes solutions such as Channel Manager, Redeam Central, Reseller Portal, and Touchless Redemption. These products enable the seamless distribution of rates, inventory, and bookings using gate-readable barcodes, catering to a diverse range of clients in the tourism sector. Redeam's client base comprises live events, tours, attractions, and activities, as well as resellers and ticketing and reservation systems. The company's technology is utilized across various geographical markets, including North America, Europe, and Asia, reflecting its widespread applicability in the global tourism and entertainment industries.Redeam generates revenue through a transactional model involving partnerships with resellers and ticketing platforms. Each transaction typically occurs when end users purchase tickets or bookings through reseller channels, facilitated by Redeam's technology. The company operates on a structure that allows for both B2B transactions with resellers and direct-to-consumer engagements. Specific pricing plans are associated with their products, which may include subscription fees for access to their platform and transaction fees per ticket sold. Redeam leverages its flagship offerings, such as the Reseller Portal and Touchless Redemption, to enhance customer experience while simultaneously driving revenue growth through increased sales and improved operational efficiencies.In March 2021, Redeam, Inc. raised USD 12.000 mn in Series B funding, which will be utilized to support its expansion program and enhance its technology. The company is focusing on developing new products and entering new markets, particularly in regions across Europe and Asia, by the end of 2023.

## Funding rounds

- Series B, Mar 30, 2021, $12M — Boulder Ventures, Peninsula Ventures, Thayer Ventures, Vertical Venture Partners, Cobre Capital
- Series A, Mar 5, 2018, $7.7M — Peninsula Ventures, Thayer Ventures, Vertical Venture Partners, Cobre Capital, SKY VC

## Investors

- Peninsula Ventures (https://capitalatlas.ai/funds/peninsula-ventures) — Series A, Series B
- Thayer Ventures (https://capitalatlas.ai/funds/thayer-ventures) — Series A, Series B
- Vertical Venture Partners (https://capitalatlas.ai/funds/vertical-venture-partners) — Series A, Series B
- Cobre Capital (https://capitalatlas.ai/funds/cobre-capital) — Series A, Series B
- SKY VC (https://capitalatlas.ai/funds/sky-vc) — Series A
- Boulder Ventures (https://capitalatlas.ai/funds/boulder-ventures) — Series B