Total amount raised
$28 Million
Latest funding date
4/1/2018
Location
TravelPerk has successfully raised $135 million over 13 funding rounds, achieving a valuation of $2.7 billion. The platform offers a comprehensive solution for managing business travel and expenses through AI-powered automation and real-time insights.
Keep reading to explore the intricacies of TravelPerk's fundraising journey and the investors backing this innovative platform.
What Is TravelPerk?
TravelPerk, based in Barcelona, Catalonia, Spain, is a leading business travel management platform. The company operates in various industries, including AI, business travel, SaaS, software, ticketing, travel, and travel agency. It employs between 1001 and 5000 people.
Founded to simplify corporate travel, TravelPerk offers a comprehensive solution that integrates travel bookings, events, expense management, and invoice payments. The platform leverages AI to automate and streamline these processes, providing real-time visibility and control over company spending.
How Much Funding Has TravelPerk Raised?
- Series B
- Amount Raised: USD 21,000,000
- Date: April 2018
- Lead Investors: Felix Capital, Target Global
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's capabilities and market reach.
- Series C
- Amount Raised: EUR 38,000,000
- Date: October 2018
- Lead Investors: Kinnevik
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product development and support international expansion.
- Series C
- Amount Raised: EUR 53,000,000
- Date: July 2019
- Lead Investors: DST Global
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and accelerate growth in new markets.
- Series D
- Amount Raised: USD 160,000,000
- Date: April 2021
- Lead Investors: Greyhound Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support global expansion and enhance technology infrastructure.
- Series D
- Amount Raised: USD 115,000,000
- Date: January 2022
- Lead Investors: General Catalyst, Kinnevik
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop AI capabilities and expand service offerings.
- Series D
- Amount Raised: EUR 17,000,000
- Date: July 2023
- Lead Investors: Kinnevik
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance platform features and support market expansion.
- Series D
- Amount Raised: USD 104,000,000
- Date: January 2024
- Lead Investors: SoftBank Vision Fund
- Valuation at Round: USD 1,400,000,000
- Motivation Behind the Round: To ramp up investments in AI technology and products.
- Debt Financing
- Amount Raised: EUR 125,000,000
- Date: June 2024
- Lead Investors: Blackstone Group, Blue Owl
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support financial stability and operational growth.
- Series E
- Amount Raised: USD 200,000,000
- Date: January 2025
- Lead Investors: Atomico, EQT
- Valuation at Round: USD 2,700,000,000
- Motivation Behind the Round: To accelerate growth, particularly in the U.S. market, and invest in product development and AI.
TravelPerk has raised a total of USD 1,053,000,000 with a current valuation of USD 2,700,000,000.
Key Investors
- Atomico
- Details: Atomico is a European venture capital firm that led the Series E funding round for TravelPerk. The firm focuses on investing in technology companies with disruptive innovation.
- Investment Focus Areas: Technology, AI, innovative startups
- Notable Investments: Klarna, Lilium, Pipedrive
- EQT Growth
- Details: EQT Growth is a growth-stage investment arm of EQT, a global investment organization. They co-led the Series E funding round for TravelPerk.
- Investment Focus Areas: Technology, healthcare, industrial technology
- Notable Investments: Epidemic Sound, Wolt, Vinted
- General Catalyst
- Details: General Catalyst is a venture capital firm that invests in early-stage and growth-stage companies. They are an existing investor in TravelPerk and participated in the Series E funding round.
- Investment Focus Areas: Technology, healthcare, consumer
- Notable Investments: Airbnb, Stripe, Snap
- Kinnevik
- Details: Kinnevik is an investment company focused on building digital consumer businesses. They are an existing investor in TravelPerk and participated in the Series E funding round.
- Investment Focus Areas: Consumer services, financial services, healthcare
- Notable Investments: Zalando, Tele2, Babylon Health
- SoftBank Vision Fund
- Details: SoftBank Vision Fund is a venture capital fund that invests in technology companies. They led the Series D-1 extension round and participated in the Series E funding round for TravelPerk.
- Investment Focus Areas: Technology, AI, innovative startups
- Notable Investments: Uber, WeWork, ByteDance
What's Next for TravelPerk?
TravelPerk is poised to capitalize on the burgeoning corporate travel market, which is projected to reach $1.5 trillion globally. The company's recent acquisition of Yokoy and its expansion into the U.S. market present significant growth opportunities. Leveraging AI and technology, TravelPerk aims to enhance its platform, providing a comprehensive travel and expense management solution.
Future fundraising efforts are likely as TravelPerk continues to grow and expand its market presence. The company's strong performance and strategic acquisitions make it an attractive candidate for further investment. However, challenges such as integrating new technologies and navigating complex regulatory environments may arise. Despite these hurdles, TravelPerk's focus on innovation and customer satisfaction positions it well for continued success.
Use Clay to Get Funding Data
Sales professionals, leverage Clay’s platform to access comprehensive fundraising data on companies like TravelPerk and gather other critical business insights. Sign up for free to start transforming your sales strategy today.
