E-commerce platform Deem raises USD70m of USD100m funding round

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Secured funding

E-commerce startup Deem has raised USD70m of a potential USD100m funding round, according to SEC filings. The San Francisco-based firm, formerly known as Rearden Commerce, offers a number of tools to merchants such as the ability to host deals manage their commerce activities, as well as a B2B marketplace where merchants can buy and sell each others’ services.

Rearden founder and CEO Patrick Grady declined via email to comment on either development.

“I’m not talking to anyone in the media about anything for the next 30 days; too much happening here and lots of int’l travel,” Grady said.

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