Reposite Company Profile

Background

Reposite, founded in 2018 and headquartered in New York City, is an AI-powered online vendor and supplier sourcing platform designed to streamline group travel and event planning. The company's mission is to modernize the planning process by providing tools that fuel discovery and simplify coordination for travel planners. Reposite's platform connects users with over 33,000 suppliers worldwide, enhancing efficiency and productivity for a diverse range of planners, from corporate teams to travel advisors.

Key Strategic Focus

Reposite's strategic focus centers on simplifying the vendor sourcing and booking process for group travel and events. The platform offers a comprehensive suite of solutions across ten categories, including restaurants, transportation, entertainment, staffing, and activities. By leveraging AI-powered tools, Reposite enables users to manage relationships, track proposals, and discover new suppliers, thereby optimizing business productivity and promoting overall growth.

Financials and Funding

In August 2022, Reposite raised $7.5 million in a funding round co-led by Liberty City Ventures and Greycroft, with participation from MATH Ventures and BDMI. This followed a previous funding round in 2020, where the company raised $2.5 million. The capital was intended to establish Reposite as the definitive group travel tool that fuels discovery and simplifies coordination for travel planners.

Technological Platform and Innovation

Reposite's platform is distinguished by its AI-powered capabilities, including:

AI Matching Technology: Pairs planner RFPs with the best-fit suppliers based on criteria such as geography, group size, event dates, and user preferences.

PlanPilot RFP Automation Assistant: Automates the RFP process, reducing the time required by up to 64%.

Centralized Workspace: Provides tools to create RFPs, run tailored supplier searches, request custom quotes, and build proposals, all from one centralized workspace.

Leadership Team

Heather Stupi: Co-Founder and CEO.

Alexa Berube: Co-Founder and President.

Joey Organisak: Chief Technology Officer.

Leadership Changes

In June 2024, Reposite was acquired by Cvent. Following the acquisition, the Reposite team, including co-founders Heather Stupi and Alexa Berube, joined Cvent to integrate their expertise and innovative technology into the larger organization.

Competitor Profile

Market Insights and Dynamics

The event planning and group travel industry is experiencing significant growth, driven by increasing demand for streamlined and efficient planning solutions. The integration of AI and data-driven tools is becoming a key differentiator in the market, offering enhanced productivity and cost savings for planners.

Competitor Analysis

Reposite operates in a competitive landscape with several notable players:

INFLOR: Specializes in bio-asset management and forestry software, offering SaaS solutions for resource management.

GAN Integrity: Provides integrated compliance solutions, offering a single platform for managing global compliance programs.

Cal.com: Offers a modern productivity app designed to help professionals manage their schedules and appointments, integrating with existing calendars and providing smart scheduling features.

Strategic Collaborations and Partnerships

In January 2024, Reposite partnered with ConferenceDirect, a leading global meetings solution company. This collaboration aimed to integrate Reposite's planning tools with ConferenceDirect's service offerings, enhancing supplier discovery and streamlining communication for event planners. The partnership was expected to improve efficiency, introduce associates to new vendors, and enable additional revenue streams.

Operational Insights

Reposite's acquisition by Cvent in June 2024 marked a significant operational shift. The integration of Reposite's AI-powered platform into Cvent's existing solutions aimed to enhance vendor sourcing capabilities, streamline processes, and improve efficiency for event professionals. This strategic move positioned Cvent to offer a more comprehensive and efficient solution in the event management industry.