Redeam selected to the category of “Minicorn” by the global intelligence and market research platform for private market investors and corporations to track innovative companies
Broomfield, CO (August 9, 2021) – Redeam, the leading and only independent global connectivity stack with digitized channel management and touchless voucher redemption/reconciliation solutions for the Things To Do sector, today announced that it is the only non-OTA travel technology in its category and serving the experiences sector that has been named to the 2021 global list of Top Online Travel Emerging Startups by Tracxn. Identified by Tracxn as a “Minicorn” – high growth early stage ventures (Series A+) to watch as they take their businesses to the next level, by scaling up for the accelerated growth – six-year-old Redeam has been on a fast-track trajectory only accelerated by COVID. Redeam’s automated, contactless, connectivity and integration solutions serve a gigantic industry sector fraught with fragmentation and antiquated, manual processes. Tracxn reports that “Online Travel has over 12.3K+ startups,” and Redeam was one of only 44 “Minicorns” to be selected to the 2021 list. Tracxn further states that “Online Travel is one of the most active sectors for investors, with an overall funding of USD 70.7B in 3.3K+ companies,” and “that more than one third of the funding has been raised in the last 3 years (2018-2020).”
“Redeam was already undergoing a business transformation before the pandemic hit, and obviously COVID gravely affected the entire travel industry,” said CEO Melanie Meador. “While most businesses in our sector shut down or severely downsized, we used the opportunity to build, build, build. With our ability to develop even more interconnectivity among our ecosystem players, the floodgates of new interest opened up for us. With our Series B round, we have been able to scale-up resources, particularly staff, and at more than 40 employees presently, we hope to approach 70 before the year’s end. We have long advanced past our company’s legacy product, realized the vision of our channel manager product, and continue to innovate new solutions our market will be adopting in the not-too-distant future.”
To learn more about how Redeam seamlessly connects supply to demand and improves business processes and operational strain, visit the Redeam website.
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Redeam (www.redeam.com) is a Broomfield, CO-based SaaS solutions business that empowers the growth of tours, attractions, and activities so that more people can enjoy the world. Redeam is the only global technology company with an agnostic channel manager solution connecting Supply and Demand of the Experiences sector of travel. Redeam’s middleware solutions enable the touchless, seamless, and automated passing of product and booking data back and forth between Operators and Distributors, thereby enabling the sale of more tickets, a better check-in process for guests, elimination of operational strain caused by too many manual processes or fraud, and improves payment reconciliation timelines. In 2021, Redeam expanded its product suite to include new solutions such as Web Redemption; a white label product for hotels, attractions, and airlines to enable bookable experiences directly from their websites; and integrated programs for Google Things to do. For its innovative solutions, Redeam has garnered over nine accolades and awards including PhocusWire’s Top 20 Start Up’s to Watch for 2019 and the 2018 Future Travel Experience Startup Competition Winner. The company works with hundreds of resellers and partners such as jetBlue Travel, Groupon, and Expedia, and serves thousands of attraction and activity operators globally like Walt Disney World, Caesar’s Entertainment, ExperienceHub, and other iconic things to do. Redeam also hosts a free Experiences Industry Online Glossary.