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TravelPerk
TravelPerk is a travel-management company that provides companies with a variety of travel- and expense-management services. The company is headquartered in Barcelona,[1] with business hubs in London, Birmingham,[2] Edinburgh,[3] Berlin, Chicago, Boston, and Miami. The company raised $409 million at the end of its Series D funding round in 2022, achieving unicorn status and a valuation of over $1 billion.[4] HistoryTravelPerk was founded in 2015 by Avi Meir (founder of Hotel Ninjas, acquired by Booking.com), Javier Suarez, and Ron Levin.[5] [6] Their aim was to create an all-in-one platform that’s aimed at making business travel management easier and keeping travelers happy. Shortly after being founded, TravelPerk received a $7 million series A round led by Spark Capital.[7] In October 2018, the company raised a $21 million Series B round led by Target Global, Felix Capital, Spark Capital, Sunstone, and Amplo.[8] In July 2019, the company finalized a two-part, $104 million series C funding backed by Kinnevik, Partners of DST Global, Target Global, Felix Capital, Sunstone, and LocalGlobe.[9][10][11][12] In 2020, due to constant changes in travel regulations and health/safety guidelines as a result of the pandemic, TravelPerk acquired Albatross API,[13][14] a software company that developed TravelSafe API,[15] providing real-time health and safety information to travelers. In the same year, the company also launched an online marketplace,[16] where its customers can integrate partner products and services into their own platforms and workflows. In 2021, TravelPerk acquired NexTravel[17][18][19] (Silicon Valley), one of the biggest business travel platforms in the US, ClickTravel[20][21][22] (Birmingham), the leader in domestic business travel in the UK, and Susterra[23][24][25] (London), a corporate responsibility consultancy to propel TravelPerk’s sustainable travel to the next level. In the same year, the company raised $160 million in series D funding,[26] and in 2022, it raised an additional $115 million series D second round, unlocking unicorn status with a valuation of over $1 billion.[27] In 2024, TravelPerk announced they had agreed to acquire a US-based competitor, AmTrav, and raised $135 million in debt financing from firms Blackstone and Blue Owl.[28] Partnerships & MarketplaceTravelPerk partners with a wide range of businesses (Divvy,[29][30] BambooHR,[31] Spendesk,[32] Ramp,[33] Pleo[34] and more) that span a variety of industries (HR, expense management, event management, health and wellness, sustainability, etc.). See alsoReferences
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