Represented RedAwning, Inc. along with its two key stockholders, Tim Choate and Lance Nelson (the founders), in connection with securing a $40 million investment led by growth equity firm Silversmith Capital Partners. RedAwning intends to use the investment towards accelerating development of its innovative technology platform and expanding its business model to existing markets and new global territories. Read the press release.
RedAwning is the world’s largest branded network for vacation property rentals with over 100,000 unique rental properties in over 10,000 destinations. Silversmith Capital's mission is to partner with growing technology and healthcare companies.
The Newport Beach-based deal team representing RedAwning was led by Bruce Feuchter and included Jeff Estes, Jason Lee and Matthew Brodsky.