Tours and activities booking technology specialist Rezdy has landed fresh funding of $5.6 million.
The investment is led by existing investor Bailador Technology Investments with existing shareholders also participating.
The fresh injection will go towards Australia-based Rezdy’s growth, especially in North America, as well as investment in product and engineering.
According to a statement Rezdy is “once again seeing record revenue performance, driven by Australia and the North American market.”
Rezdy’s CEO Chris Atkin says: “It’s been a challenging time for the industry so it’s fantastic to be able to take Rezdy’s offering to the next level and deliver improvements to our customers over the next 12 months.
"In that period, we will be able to drive material advancements in the emerging channel management landscape as well as see operators in all regions trade substantially free of the pandemic constraints.”
David Kirk, co-founder and executive chairman at Bailador, says: “We are delighted to be increasing our investment in Rezdy and supporting Management’s accelerated growth plans.
"Similar to SiteMinder, Rezdy serves a massive addressable market within the travel sector and whilst growth has been limited by COVID, Rezdy proved resilient during this time and is well positioned for significant growth as the sector reopens.”
Most recently Rezdy raised $3 million in early 2018 to expand its presence in North America.