Red e App

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Red e App - overview

Location

-, KY-Kentucky, US

Primary Industry

Telecoms

About

Red e App is a communication technology company that delivers an innovative platform designed for efficient connectivity among teams and organizations through mobile and web interfaces. Founded by Jonathan Erwin, Red e App operates out of Louisville, US. The company focuses on providing a cohesive communication hub for diverse organizations, catering primarily to North America and Europe. In May 2015, Red e App secured USD 0.


780 mn in VENTURE DEBT funding, raising a total of USD 0. 750 mn across three deals. RedeApp specializes in offering a comprehensive communication hub aimed at businesses, clubs, teams, and organizations. Its flagship product, RedeApp GO, enables users to establish a professional communication network via a mobile app or web interface, supporting seamless connectivity for varied group sizes.


The platform boasts unlimited network capacity and allows users to create organized, customizable spaces known as Communities for team coordination, project management, or interest group discussions. Clients can enhance their digital workspace with branding elements like logos, banners, and social media links, serving a diverse clientele that includes healthcare providers, educational institutions, non-profit organizations, and corporate enterprises. Red e App employs a freemium revenue model, providing essential communication tools for free while offering advanced functionalities through paid subscriptions. Enhanced operational features, smart messaging, and analytics are available for growing organizations, with an enterprise suite designed for larger clients that includes advanced analytics and custom workflows.


Transactions are typically established through direct agreements with businesses, potentially involving recurring subscription fees, allowing the company to cater to various organizational sizes and sectors, thereby enhancing ongoing client engagement and revenue generation. Following their most recent funding round in May 2015, Red e App plans to utilize the USD 0. 776 mn raised to further develop their product offerings and expand into new geographic markets. The company is looking to introduce new products aimed at enhancing user experience in the communication sector.


Specific details about new product launches or market expansions have not been disclosed, yet the strategic focus remains on solidifying their position in existing markets while exploring opportunities for growth.


Primary Industry

Telecoms

Sub Industries

Telecoms

Website

www.redeapp.com

Company Stage

Series A

Total Amount Raised

Subscriber access only

Red e App - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Venture DebtCompletedRed e App-
Series ACompletedRed e App-
Unspecified RoundCompletedRed e App-

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Red e App - employee data

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