RedDoorz

About

RedDoorz is transforming affordable accommodation in South East Asia through Tech

Singapore,Central Region,Singapore
501 - 1000
https://www.reddoorz.com/

Highlights

Details

Last Funding Type: Series C
Last Funding Money Raised: $70M
Industries: Business Travel,Hospitality,Travel,Travel Accommodations,Travel Agency
Founded date: Jan 1, 2015
Number Of Employee: 501 - 1000
Operating Status: Active
Legal Name: Commeasure Pte Ltd.
Also Known As: Uber and Marriott Crossover

RedDoorz is a platform offering budget accommodations across key business and tourist destinations in Southeast Asia. The company solutions help partners manage distribution, marketing, technology, customer experience, and pricing solutions offering an end-to-end platform.

RedDoorz has grown to over 1,000 employees in five countries, funded by leading investors, such as Jungle Ventures, Susquehanna International Group, International Finance Corporation (the World Bank), 500 Startups, and Innovate Capital. It also operates a marketplace of two-star, three-star and below budget hotels, selling access to rooms to people.

RedDoorz was founded in 2015 and is based in Singapore.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

7

$134.40M

RedDoorz has raised a total of $134.40M in funding over 2 rounds. Their latest funding was raised on Aug 18, 2019 from a Series C round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Aug 18, 2019	Series C	$70M	4	Asia Partners Fund Management	—	Detail
Mar 1, 2019	Series B	$45M	6	Qiming Venture Partners	—	Detail
Mar 6, 2018	Series A	$11M	7	—	—	Detail
Apr 3, 2017	Debt Financing	$1M	1	InnoVen Capital	—	Detail
Dec 1, 2016	Series A	$5M	3	SIG China (SIG Asia Investments)	—	Detail

Investors

Number of Lead Investors

Number of Investors

6

15

RedDoorz is funded by 15 investors. Asia Partners Fund Management and SIG China (SIG Asia Investments) are the most recent investors.

Investor Name	Lead Investor	Funding Round
Asia Partners Fund Management	Yes	Series C
SIG China (SIG Asia Investments)	Yes	Series A
500 Global	Yes	Seed
Mirae Asset-Naver Asia Growth Fund	—	Series C
Qiming Venture Partners	—	Series C
Rakuten Capital	—	Series C
Hendale Capital	—	Series B
International Finance Corporation	—	Series B
Jungle Ventures	—	Series B
MNC Group	—	Series B