Deem
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
$70.0m | Series G | ||
$50.0m Valuation: $1.6b | Series H | ||
$34.0m | Late VC | ||
N/A | Acquisition | ||
* | N/A | Acquisition | |
Total Funding | €479m |
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EditDeem is a corporate travel booking software company that focuses on optimizing travel and expense management for businesses. The company serves corporate clients by providing a platform that simplifies the booking process for air travel, hotels, and ground transportation. Deem operates in the travel and expense management market, offering a comprehensive solution that integrates with various expense platforms to streamline the entire process. The business model revolves around offering software as a service (SaaS), where companies subscribe to Deem's platform to manage their travel needs. Deem makes money through subscription fees and possibly transaction fees for bookings made through their platform. The software is designed to save time for travelers and reduce costs for companies by ensuring compliance with corporate travel policies and using approved vendors. Deem's platform also includes features like chauffeured ride services, which can be summoned with a tap of a button, further enhancing convenience and compliance.
Keywords: corporate travel, booking software, expense management, SaaS, air travel, hotels, ground transportation, compliance, cost-saving, business travel.