RedAwning Ranks in Top 20 in San Francisco Business Times' List of 100 Fastest Growing Private Companies in the Bay Area.

EMERYVILLE, Calif., Oct. 19, 2017 /PRNewswire-iReach/ -- Today, RedAwning.com, Inc., the largest global branded network for vacation property rentals, announced that it had placed 18th in the San Francisco Business Times' list of 100 Fastest Growing Private Companies in the Bay Area and third in the Top 50 Fastest Growing Private Companies in the East Bay, making it the fastest growing private company in the Bay Area travel sector. The complete list was announced on October 17, 2017 at an event in San Francisco.

"We are thrilled to have placed so well on this list," stated Tim Choate, CEO and founder of RedAwning. "The measurements submitted were from 2014-2016 and did not even include the massive growth we've experienced in 2017. We've proved that we have a strong, profitable model that serves travelers, property managers, and our global OTA partners alike and with our recent $40M in funding we are poised to further expand globally and accelerate and enhance the innovative technology and customer service solutions that have enabled us to serve our clients so well."

RedAwning's fast-growing and profitable model is aimed at helping property managers go beyond listing their properties across leading channels like Expedia, Booking.com, HomeAway, and Airbnb -- to help them increase conversion and secure complete bookings. By providing consistent booking standards across properties, and labor-saving 24/7 customer support, payment processing, optimized marketing, distribution, and technical integration the company is simplifying the process while improving the bottom line for property management businesses.

In early August, RedAwning secured an initial investment of $40 million led by growth equity firm Silversmith Capital Partners and with the added support of Elephant VC.

About RedAwning

RedAwning is the world's largest branded network of vacation rental properties, combining a layer of consistency and trust with 24/7 guest and property manager support services for every stay. With over 100,000 unique rental properties in over 10,000 destinations, RedAwning is the leading supplier of vacation rentals to every major online booking website, including Booking.com, Expedia, HomeAway/VRBO, FlipKey/TripAdvisor, and Airbnb. RedAwning's mission is to redefine vacation hospitality by combining the ease, trust, and consistency of hotels with the extraordinary value and diversity of vacation rental properties.  

Media Contact: Michelle Dissel, RedAwning.com, Inc., 510-206.0180, [email protected]

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SOURCE RedAwning.com, Inc.