Award-Winning Technology Considered a Breakthrough for Global Mobility Industry
MIAMI & FORT LAUDERDALE, Fla. – May 9, 2017 – Las Olas Venture Capital announces an investment in ReloQuest, the first-of-its-kind cloud-based platform that provides an independent, unbiased and fully transparent resource for global mobility clients and individuals in need of sourcing temporary housing, serviced apartments, and hotels.
“ReloQuest has all of the attributes that foretell a highly successful digital marketplace,” said Dean Hatton, one of LOVC’s Founding Partners. “With its flexible workflow management tools, the ReloQuest platform also solves complex business coordination problems and eliminates inefficiencies. We are very excited to partner with Darin Karp, ReloQuest Founder and CEO.”
The ReloQuest team drew from its extensive industry experience to develop the ReloQuest technology, which reflects an understanding of client needs in sourcing accommodations, quickly comparing global options, collecting data to provide customizable analytics, and proficiently managing the supply chain.
Scott Salpeter and Ranjini Chandirakanthan with investment banking firm Cassel Salpeter & Co. advised ReloQuest on the transaction.
”We appreciate Cassel Salpeter’s assistance in making introductions to the right investors and with the deal negotiations,” said Darin Karp, ReloQuest Founder and CEO. “Working with Cassel Salpeter allowed me to focus on customer success and growth while raising much needed growth capital.”
About ReloQuest, Inc.
ReloQuest is the industry leader and the only temporary housing platform that provides an independent, unbiased and fully transparent resource to global mobility clients and individuals in need of sourcing temporary housing, service apartments, and hotels, worldwide. Its award-winning technology is quickly becoming the industry standard by delivering a much-needed tool to facilitate educated decisions and provide supporting data to clients. More information is available at www.reloquest.com
About Las Olas Venture Capital
Las Olas VC is a Florida-based early stage fund that invests in startups in a variety of industries. Las Olas VC’s mission is to find outstanding entrepreneurs in non-obvious places and maximize their impact by connecting them to networks of capital, talent, and customers in well-established startup ecosystems. Dean Hatton, Esteban Reyes, Paul Tanner and Mark Volchek are the Founding Partners of Las Olas VC. For more information visit www.lasolasvc.com
About Cassel Salpeter & Co.
Cassel Salpeter & Co., LLC is an independent investment banking firm that provides advice to middle market and emerging growth companies in the U.S. and worldwide. Together, the firm’s professionals have more than 50 years of experience providing private and public companies with a broad spectrum of investment banking and financial advisory services, including: mergers and acquisitions; equity and debt capital raises; fairness and solvency opinions; valuations; and restructurings, such as 363 sales and plans of reorganization. Co-founded by James Cassel and Scott Salpeter, the firm provides objective, unbiased, results-focused services that clients need to achieve their goals. Personally involved at every stage of all engagements, the firm’s senior partners have forged relationships and completed hundreds of transactions and assignments nationwide. The firm’s headquarters are in Miami. Member FINRA and SIPC. More information is available at www.CasselSalpeter.com