Demeure Operating Co. Ltd. said Friday that it has closed $4 million in funding from both new and existing investors. According to the company, the capital will be used for growth and expansion. Based in Waterloo, Ontario, Demeure is a travel marketplace. Update: The company’s CEO is Peter Schwartz, the former CEO of Descartes Systems.
WATERLOO, ONTARIO, August 30, 2013 — Demeure, a dynamic travel marketplace that is redefining the way vacation property owners and travelers share and discover unique, authentic travel experiences, today announced it has secured $4 million in funding from new and existing shareholders by way of a rights offering. The funding will be used to grow and expand the reach of Demeure’s online travel marketplace through sales and marketing efforts, and continued investment in the Marketplace Management System, which helps vacation property owners increase yield and obtain accurate, market-based value for their property and provides travelers access to unique travel experiences at unbeatable value.
“At Demeure, we are dedicated to providing top-notch customer service for our travelers and vacation property owners, consistently taking feedback into consideration in order to better serve their needs,” said Peter Schwartz, Chairman and Chief Executive Officer of Demeure. “The growth momentum we’ve experienced puts the multi-sided Demeure marketplace at an advantage as the sharing economy begins to adopt this emerging model. We have rewired the cluttered online travel agent, vacation rental, home exchange and travel club markets to create unique value added services and authentic experiences for all participants. The investment announced today will help Demeure provide vacation property owners market-based value for their property, and travelers the confidence they will get exceptional value, and have amazing, unique experiences in more locations worldwide.”
Vacation properties in the Demeure portfolio are curated and carefully selected for the one-of-a-kind experiences they offer to the Demeure community. Demeure partners with vacation property owners, professional property managers, private assistants and local on-the-ground hosts to deliver exceptional service levels and authentic experiences. Demeure’s multi-sided marketplace uses a proprietary algorithm to assess several key criteria including seasonality, dates available, and historical and current market demand to determine the market value of a given property.
For more information, to share your vacation property or find your next travel experience, visit www.demeure.com.
Demeure operates a dynamic, multi-sided marketplace powered by its proprietary Marketplace Management System (MMS) where travel consumers and suppliers to the industry book authentic travel experiences, list properties, and trade in the market. Demeure’s patent-pending technology lets owners trade empty nights to purchase travel anywhere in Demeure’s curated portfolio of thousands of professionally hosted properties. This marketplace activity creates significant value for everyone by unlocking discounts of 35%-80% off. At the core of the marketplace is a platform that enables service professionals to tap into new sources of revenue. The platform is designed with the highest level of privacy to keep travelers and service providers in control of their data. Demeure was founded in 2009 in Waterloo, Canada with the aim of redefining the vacation rental, home exchange, and destination club industry.
For more information, visit www.demeure.com. Travel like you own the place™
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