Commerce and Travel Platform Deem Secures $50 Million in Funding


Skift Take

Deem, formerly known as Rearden Commerce, got burned in its foray into financial services sector, and is now drilling down in its core business.

Deem, which sells travel and an array of other products and services to major corporations, raised $50 million in expansion capital from China private equity fund Hony Capital. Formerly known as Rearden Commerce, Deem powers a platform to sell travel and related services for American Express Global Business Travel, an early i