Deem, a San Francisco, CA-based cloud and mobile commerce company, completed a $50m round of expansion capital.
The round was led by Hony Capital.
The company intends to use the funds to accelerate its network growth, expand globally and make acquisitions.
Led by Patrick Grady, Founder and CEO, Deem provides a cloud and mobile commerce platform to a large and diverse ecosystem of customers, merchants and partners enabling them to lower costs, increase revenue and deepen customer loyalty.
Businesses using the platform include SMBs and Fortune 500 multinationals. Merchants selling on Deem include local and national consumer and business brands. Distribution partners include market leaders in business, consumer, mobile and travel services.
Deem connects with hundreds of thousands of selling merchants and scores of market leading distribution partners across consumer, mobile, travel and business services.