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§ Private Profile · Oakland, CA, USA
Cloud and mobile commerce, providing CaaS and SaaS platforms for businesses and merchants in travel and office supplies.
Deem has raised $582.0M across 10 funding rounds.
Deem has raised $582.0M in total across 10 funding rounds.
Deem is a cloud and mobile commerce company providing Commerce-as-a-Service and SaaS platforms for corporate travel and procurement, operating from an undisclosed headquarters. The organization supports hundreds of thousands of merchants across various sectors and maintains a workforce of 201 to 500 employees. Prior to its acquisition, the company secured over $200 million in total financing, which included a $70 million Series G round in 2013 and a $50 million Series H round in 2014. Deem emerged as an early software pioneer alongside peers like Salesforce, eventually operating under the leadership of former chief executive officer John F. Rizzo and current president David Grace. The business was ultimately acquired by Enterprise Holdings in 2019 to integrate its travel technology solutions. Originally known as Rearden Commerce, Deem was founded in 2000 by Patrick Grady.
Deem has raised $582.0M in total across 10 funding rounds.
Deem's investors include Khosla Ventures, WestWave Capital, John Zhao, Patrick Grady, Daniel Schulman, Jud Linville, Eileen Serra, Michael Gregory O’Hara, American Express, Chase Capital, Foundation Capital, Oak Investment Partners.
Deem has raised $582.0M across 10 funding rounds. Most recently, it raised $34.0M Series U in April 2016.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Apr 1, 2016 | $34M Series U | — | Khosla Ventures, WestWave Capital | Announced |
| Jul 25, 2014 | $50M Venture Round | John Zhao | Patrick Grady | Announced |
| Sep 1, 2013 | $70M Series U | — | WestWave Capital | Announced |
| Sep 21, 2011 | $133M Venture Round | — | Daniel Schulman, JUD Linville, Eileen Serra | Announced |
| Sep 21, 2009 | $40M Series F | Michael Gregory O’hara | — | Announced |
| Apr 21, 2008 | $100M Venture Round | — | American Express, Chase Capital, Foundation Capital, OAK Investment Partners | Announced |
| Mar 1, 2008 | $100M Series E | — | WestWave Capital | Announced |
| Aug 1, 2005 | $25M Series C | — | WestWave Capital | Announced |
| Jun 1, 2005 | $18M Series B | — | Khosla Ventures, WestWave Capital | Announced |
| Nov 1, 2003 | $12M Series C | — | WestWave Capital | Announced |
Deem is a technology company specializing in a modern, cloud-based corporate travel booking and management platform. It serves businesses by providing an end-to-end solution that integrates air, hotel, rental car, and rail bookings from both GDS and non-GDS sources. Deem’s platform addresses the complexity of corporate travel by offering customizable policy enforcement, approval workflows, real-time notifications, and sustainability features like carbon emissions tracking. It helps companies optimize travel programs, reduce costs, improve traveler satisfaction, and enhance compliance, processing millions of searches and bookings annually with over $1.1 billion in managed travel expenses[1][2][4].
Founded over 25 years ago, Deem emerged as a pioneer in corporate travel management software. The company was built by technology and travel experts who recognized the need for a scalable, user-friendly platform that could adapt to the evolving demands of business travel. Early traction came from delivering a seamless booking experience combined with robust management tools, which helped Deem grow alongside the increasing complexity of corporate travel programs. The company has continuously evolved its focus to incorporate mobile technology, cloud computing, and sustainability, reflecting shifts in traveler behavior and corporate priorities[1][2].
Deem rides the trend of digital transformation in corporate travel, leveraging cloud and mobile technologies to meet the demands of a modern workforce that values flexibility, transparency, and sustainability. The timing is critical as companies increasingly prioritize traveler safety, cost control, and environmental impact amid fluctuating travel conditions. Deem’s integration of sustainability data and real-time communication tools positions it well within the growing market for responsible and efficient business travel solutions. Its influence extends to shaping how corporations manage travel programs holistically, blending technology with human support to improve overall travel experiences and operational outcomes[2][4].
Looking ahead, Deem is likely to deepen its focus on AI-driven personalization, predictive analytics, and expanded sustainability features to further streamline travel management and reduce environmental footprints. As hybrid work and global business travel evolve, Deem’s platform could become even more essential for companies seeking agility and compliance in complex travel ecosystems. Its continued innovation and strong customer relationships suggest it will maintain a leadership role in corporate travel technology, helping businesses navigate the intersection of technology, traveler experience, and corporate responsibility.
In sum, Deem exemplifies how technology can transform corporate travel from a logistical challenge into a strategic asset that supports business goals and employee well-being.