About RedAwning
RedAwning is a Travel & Hospitality company based in Berkeley (United States) founded in 2010 by Lance Nelson and Tim Choate. Vacation rentals are booked via an online marketplace by travelers. 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. Its chief executive, as recorded, is Tim Choate. Its website redawning.com draws about 34 thousand monthly visits. Its focus areas include Consumer, Online Travel, Accommodation and Vacation Rentals. Its legal entity is REDAWNING.COM, INC. Its competitors include Airbnb, AvantStay and Vrbo; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Total Equity Funding$40M (USD)
in 2 rounds
- Latest Funding Round$15M (USD), Debt – Venture
Jun 2022
- InvestorsEspresso Capital
& 2 more
- Investments & AcquisitionsAwning
& 5 more
Apps and channels of RedAwning
RedAwning publishes 2 mobile apps with over 10K+ downloads.
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 $40M
- Total Rounds 2
- Last Round Debt – Venture — $15M
- First Round $40M
(Aug 2017)
- Investors Count 3
All 2 funding rounds of RedAwning with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2022 | $15M | Debt – Venture | – | – | |
| Aug 2017 | $40M | Series C | – | Silversmith |
3 investors in total: 3 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture debt firm | espressocapital.com | Toronto, Canada | ||
Venture capital firm dealing with enterprise software, consumer internet, and mobile markets. | elephantvc.com | |||
Venture capital firm investing in technology and healthcare sectors | silversmith.com | Boston, United States |
Investor details for RedAwning
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People of RedAwning
2 people are tracked at RedAwning (2 in leadership).
| Name | Role | Group |
|---|---|---|
Lance Nelson | Co-Founder & Chief Technology Officer | Leadership |
Tim Choate | Co-Founder & CEO | Leadership |
Complete people profiles for RedAwning
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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.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
App-based real estate investment platform for individuals | awning.com | San Francisco, United States | 2002 | Apr 2024 | •••• | |
Channel management solutions are provided for vacation rental properties. | lexicontravel.com | Park, United States | 2016 | Nov 2022 | •••• | |
Leavetown is operated as a vacation rental booking platform. | leavetown.com | Vancouver, Canada | 2008 | Sep 2018 | •••• | |
Website design, SEO, and digital marketing services are provided. | blizzardinternet.com | Glenwood Springs, United States | 1997 | Apr 2018 | •••• | |
Vacation rentals are discovered and booked via an app-based platform. | vacayhero.com | San Francisco, United States | 2014 | Mar 2017 | •••• | |
Professionally managed vacation rentals are facilitated via an online marketplace. | vaycayhero.com | San Francisco, United States | 2011 | Mar 2017 | •••• |
Complete acquisition details for RedAwning
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Timeline of RedAwning
9 dated milestones of RedAwning across 14 years, from founding to its latest funding, stage changes and deals.
- Founded RedAwning is founded.
- Acquisition Acquires VacayHero.
- Acquisition Acquires VaycayHero.
- Funding First funding round of $40.0M.
- Acquisition Acquires Blizzard Internet Marketing.
- Acquisition Acquires Leavetown.
- Funding Latest funding round, Debt – Venture, of $15.0M.
- Acquisition Acquires Lexicon Travel Technologies.
- Acquisition Acquires Awning.
Competitors of RedAwning
RedAwning has 3 listed competitors in our database, 3 of them funded. They include Airbnb, AvantStay and Vrbo.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| airbnb.com | 2008 | San Francisco, United States | $2.95B | 7,300 | Vacation rentals are booked via an online peer-to-peer platform. | |
| avantstay.com | 2016 | Los Angeles, United States | $686M | Vacation rentals for groups are booked via an online platform. | ||
| vrbo.com | 1995 | Austin, United States | $506.75M | Online marketplace for vacation rentals |
Detailed competitors of RedAwning
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Web traffic of RedAwning
The website of RedAwning (redawning.com) receives about 33.7K visits a month and ranks #579,204 among all websites worldwide, #2,935 in Accommodation and Hotels.
- Monthly visits33.7K
▼ 26% vs previous month
- Unique visitors15.9K
per month
- Global rank#579,204
among all websites
- Category rank#2,935
Travel and Tourism · Accommodation and Hotels
- Bounce rate43%
- Pages per visit3.9
- Average visit2 min 55 sec
- DevicesDesktop 61% · Mobile 39%
Websites whose visitors overlap most with RedAwning. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| housetrip.com | 100% | View details | |||
| airbnb.com | 95% | 100.6M | #215 | View details | |
tahoegetaways.com | tahoegetaways.com | 94% | #863,584 | – | |
auntbugs.com | auntbugs.com | 93% | #493,230 | – | |
bearcovecabins.com | bearcovecabins.com | 92% | #677,371 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for RedAwning
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- 40 similar websites
- Audience overlap
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Top companies in Online Travel
3 companies that operate in the same segment as RedAwning (Online Travel) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Corporate travel and expense management are facilitated through SaaS platform. | 2015 | Palo Alto, California, United States | USD 1.58 B | USD 3.52 M | 847 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 5.07 B | 6,209 | ||
Multiple travel services are booked via an app-based platform. | 1999 | Miami, Florida, United States | USD 331.37 M | 5,191 |
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Related news about Redawning
Complete news archive for RedAwning
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Frequently Asked Questions about RedAwning
RedAwning was founded in 2010 and raised its 1st funding round 7 years after it was founded.
RedAwning is headquartered in Berkeley, United States. It is registered at Berkeley, California, United States.
Tim Choate is the CEO of RedAwning, as recorded in our data. They have also founded this 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 2017.
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.
RedAwning has made 6 acquisitions, including Awning, Blizzard Internet Marketing, and Leavetown.
RedAwning has 3 investors. Key investors include Espresso Capital, Elephant Elephant, and Silversmith.
RedAwning operates through Redawning.Com, Inc..
Yes. RedAwning publishes RedAwning and 1 more app, with over 10,000 downloads.