US vacation rental platform RedAwning raises $40 million
RedAwning has 100,000 unique properties in 10,000 destinations and distributes inventory via RedAwning.com and also via third parties including Expedia, booking.com and Airbnb.
Vacation rental platform RedAwning has earmarked a $40 million funding announced today to further develop its tech platform and grow the business.
The funding has been led by Silversmith Capital Partners from Boston which gets “a significant minority stake” in return for the cash.
The funding will be used to accelerate development of the platform, to expand RedAwning’s presence in existing markets while entering new ones and also double its workforce and secure bigger premises.
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