Deem grabs $30M to help companies maximize their bottom lines


This post is by Kia Kokalitcheva from VentureBeat


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Deem grabs $30M to help companies maximize their bottom lines

Deem is a San Francisco company with a couple other offices in the world, and it might be one of the most ambitious companies I’ve never heard of until today. And to fuel that ambition, it has raised $30 million in new funding, according to a legal filing today with the U.S. Securities and Exchange Commission.

But here’s why I’m amazed. If you look through its site, it offers one set of products to help companies save in all possible ways, one set of offerings for businesses to maximize their sales, and another bunch of offerings to help them spread promotions and acquire users and customers. To do so, it has several partners in its networks, including Office Depot, Samsung, 3M, Foursquare, Microsoft, American Express, and MasterCard, among others. Deem’s customers can tap into these networks, such as partners for more cost-effective business travel for their employees,.

Basically, it seems like its a large suite to take care of a good chunk of what a business would need to maximize its bottom line — shrink spending and up revenue.

According to the filing, Deem has raised $30 million of the total of $68 million that it seeks to raise. The company has been around since 2000 and now has offices in Scottsdale, Ariz.; Seacaucus, N.J.; and Bangalore, India.

Deem is a leading cloud and mobile commerce company, delivering Commerce-as-a-Service (CaaS) to a large and diverse ecosystem of customers, merchants and partners enabling them to lower costs, increase revenue and deepen customer loyal… read more »




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