About RedAwning
RedAwning is a company based in Berkeley (United States) founded in 2010 by Lance Nelson and Tim Choate.. RedAwning has raised $40 million across 2 funding rounds from investors including Espresso Capital, Elephant Elephant and Silversmith. RedAwning has completed 6 acquisitions, including Awning, Blizzard Internet Marketing and Leavetown. RedAwning operates in a competitive market with competitors including Airbnb, AvantStay, Vrbo, Vacatia and Airbnb, among others.
- Headquarter Berkeley, United States
- Founders Lance Nelson, Tim Choate
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Sectors
Travel & Hospitality
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Redawning.Com, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$40 M (USD)
in 2 rounds
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Latest Funding Round
$15 M (USD), Debt – Venture
Jun 01, 2022
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Investors
Espresso Capital
& 2 more
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Employee Count
Employee Count
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Investments & Acquisitions
Awning
& 5 more
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Funding Insights of RedAwning
RedAwning has successfully raised a total of $40M across 2 strategic funding rounds. The most recent funding activity was a Debt – Venture round of $15 million completed in June 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Debt – Venture — $15.0M
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First Round
First Round
(08 Aug 2017)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2022 | Amount | Debt – Venture - RedAwning | Valuation |
investors |
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| Aug, 2017 | Amount | Series C - RedAwning | Valuation | Silversmith |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in RedAwning
RedAwning has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Espresso Capital, Elephant Elephant and Silversmith. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture debt firm
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Founded Year | Domain | Location | |
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Venture capital firm dealing with enterprise software, consumer internet, and mobile markets.
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Founded Year | Domain | Location | |
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Venture capital firm investing in technology and healthcare sectors
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by RedAwning
RedAwning has strategically engaged in corporate development activities, having acquired 6 companies. Notable acquisitions include Awning, Blizzard Internet Marketing and Leavetown. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Channel management solutions are provided for vacation rental properties.
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2016 | ||||
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Vacation rentals are discovered and booked via an app-based platform.
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2014 | ||||
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Professionally managed vacation rentals are facilitated via an online marketplace.
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2011 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - RedAwning
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Redawning Comparisons
Competitors of RedAwning
RedAwning operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Airbnb, AvantStay, Vrbo, Vacatia and Airbnb, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Vacation rentals are booked via an online peer-to-peer platform.
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| domain | founded_year | HQ Location |
Vacation rentals for groups are booked via an online platform.
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| domain | founded_year | HQ Location |
Online marketplace for vacation rentals
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| domain | founded_year | HQ Location |
Vacation rentals are listed and booked through an online marketplace.
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| domain | founded_year | HQ Location |
Vacation rentals are booked via an online peer-to-peer platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Redawning
Frequently Asked Questions about RedAwning
When was RedAwning founded?
RedAwning was founded in 2010 and raised its 1st funding round 7 years after it was founded.
Where is RedAwning located?
RedAwning is headquartered in Berkeley, United States. It is registered at Berkeley, California, United States.
Who is the current CEO of RedAwning?
Tim Choate is the current CEO of RedAwning. They have also founded this company.
Is RedAwning a funded company?
RedAwning is a funded company, having raised a total of $40M across 2 funding rounds to date. The company's 1st funding round was a Series C of $40M, raised on Aug 08, 2017.
What does RedAwning do?
RedAwning was founded in 2010 in Berkeley, United States, as an online marketplace in the travel sector. Properties are listed by owners, while travelers book stays by selecting options such as preferred dates, group size, and personal details. Payments are processed online through a mobile app available on iOS and Android devices. Operations focus on facilitating direct bookings between owners and guests.
Who are the top competitors of RedAwning?
How many acquisitions has RedAwning made?
RedAwning has made 6 acquisitions, including Awning, Blizzard Internet Marketing, and Leavetown.
Who are RedAwning's investors?
RedAwning has 3 investors. Key investors include Espresso Capital, Elephant Elephant, and Silversmith.
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