Total amount raised
$4.2 Billion
Latest funding date
2/1/2025
Location
Expedia has successfully navigated four funding rounds, with the latest being a post-IPO debt round. The company has also made significant investments, including its most recent in Global Glimpse.
Keep reading to explore the intricacies of Expedia's fundraising journey and the investors backing this prominent travel platform.
What Is Expedia?
Expedia is a prominent online travel agency headquartered in Seattle, Washington. The company specializes in providing hotel reservations, airline tickets, and vacation packages. It operates as a public company under the ticker NASDAQ:EXPE and employs over 10,000 people.
Founded in 1996, Expedia has grown to become a key player in the travel and technology industry. The company is known for its extensive range of travel brands and its commitment to sustainability, inclusion, and diversity.
How Much Funding Has Expedia Raised?
- Post-IPO Debt
- Amount Raised: USD 60,000,000
- Date: June 2000
- Lead Investors: TCV
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand its market presence and invest in technology.
- Post-IPO Equity
- Amount Raised: USD 1,200,000,000
- Date: April 2020
- Lead Investors: Apollo, Silver Lake
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To strengthen financial flexibility and liquidity during the COVID-19 crisis.
- Post-IPO Debt
- Amount Raised: USD 2,000,000,000
- Date: April 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To bolster financial strength amid the COVID-19 pandemic.
- Post-IPO Debt
- Amount Raised: USD 985,000,000
- Date: February 2025
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing operations and strategic initiatives.
Total Amount Raised: USD 4,245,000,000. Current Valuation: Not publicly disclosed.
Key Investors
- Apollo Global Management
- Details: Apollo Global Management is a global alternative investment manager with expertise in private equity, credit, and real assets. They participated in a Post-IPO Equity funding round for Expedia.
- Investment Focus Areas: Private equity, credit, real assets.
- Notable Investments: ADT, Rackspace, Shutterfly.
- Silver Lake
- Details: Silver Lake is a global private equity firm focused on investments in technology and technology-enabled industries. They also participated in a Post-IPO Equity funding round for Expedia.
- Investment Focus Areas: Technology, tech-enabled industries.
- Notable Investments: Dell Technologies, Airbnb, Twitter.
- TCV
- Details: TCV is a private equity and venture capital firm that invests in technology companies. They were involved in a private equity round for Expedia.
- Investment Focus Areas: Technology, internet, software.
- Notable Investments: Netflix, Facebook, Spotify.
What's Next for Expedia?
Expedia's future is poised for significant opportunities, driven by its recent $3.2 billion capital raise. This financial boost, comprising $1.2 billion from private equity firms and $2 billion in new debt financing, positions the company to strengthen its balance sheet and invest in new technologies. The appointment of Peter Kern as CEO and Eric Hart as CFO brings experienced leadership to navigate these opportunities.
Future fundraising could be on the horizon, given the successful capital raise and the involvement of prominent private equity firms. This financial flexibility will be crucial as the travel industry recovers from the COVID-19 pandemic. However, challenges remain, including managing increased customer service demands and adapting to rapidly changing market conditions. The company's focus on conserving cash and reconstructing a stronger enterprise will be vital in overcoming these hurdles.
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