TravelPerk
 | |
| Company type | Private |
|---|---|
| Industry | Corporate Travel Management |
| Founded | 2015 |
| Founder |
|
| Headquarters | |
Area served | Worldwide |
Key people | |
Number of employees | 1000+ (2022) |
| Website | www |
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]
History
[edit]TravelPerk 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 & Marketplace
[edit]TravelPerk 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 also
[edit]References
[edit]- ^ "The unicorn TravelPerk returns with new headquarters". Expansión. 9 June 2022.
- ^ "Travelperk buys UK based ClickTravel in latest pandemic purchase". Techcrunch. 6 July 2021.
- ^ "Travel management platform aims to add hundreds of jobs with Edinburgh hub opening". Scotsman.
- ^ "TravelPerk adds $115M to equity and debt Series D, discloses unicorn valuation". TechCrunch.
- ^ "How Travelperk Builds Better Tools for European Business Travelers". 23 May 2019.
- ^ ""Business travel is on the rise - we've just experienced a delay": Interview with TravelPerk's co-founder and CEO Avi Meir". 11 June 2020.
- ^ "TravelPerk continues growth spurt with $44 Million funding round".
- ^ "TravelPerk grabs $44M to take its pain-free SaaS for business travel global". 15 October 2018.
- ^ "Barcelona-based business travel platform TravelPerk raises €53 million, bringing its Series C total to €92.5 million". 18 July 2019.
- ^ "Travel Booking Startup TravelPerk Raises $60 Million". 24 July 2019.
- ^ "TravelPerk is taking business places with new funding totalling its Series C round at $104 million". 18 July 2019.
- ^ "TravelPerk closes a round of 53 million euro". 26 July 2019.
- ^ "TravelPerk acquires Albatross to boost risk-management capability".
- ^ "Barcelona's TravelPerk buys Albatross, an API for virus-related travel restrictions, to expand risk management offering". 9 July 2020.
- ^ "TravelPerk launches an API for COVID-19 restrictions". 26 October 2020.
- ^ "TravelPerk creates marketplace to offer additional services to corporate travelers".
- ^ "Is business travel back? TravelPerk acquires US rival NexTravel". 13 January 2021.
- ^ "TravelPerk Acquires NexTravel to Grow U.S. Footprint".
- ^ "Business trip platform TravelPerk buys YC-backed rival NexTravel". 13 January 2021.
- ^ "TravelPerk buys UK-based Click Travel in latest pandemic purchase". 6 July 2021.
- ^ "TravelPerk acquires Click Travel".
- ^ "TravelPerk continues corporate travel roll-up with acquisition of Click Travel".
- ^ "TravelPerk acquires eco-friendly travel consultancy Susterra".
- ^ "Barcelona's TravelPerk makes another acquisition: Travel sustainability consultancy firm Susterra". 30 September 2021.
- ^ "TravelPerk makes another acquisition".
- ^ "We got an exclusive look at the pitch deck business travel startup TravelPerk used to raise $160 million". Business Insider.
- ^ "TravelPerk Hits $1.3 Billion Valuation as Business Trips Rebound". Bloomberg. 12 January 2022.
- ^ Browne, Ryan (2024-06-18). "SoftBank-backed travel tech firm TravelPerk acquires U.S. rival and bags $135 million for expansion". CNBC. Retrieved 2024-09-02.
- ^ "TravelPerk Partners to Offer to Divvy Clients Travel Services".
- ^ "TravelPerk partners with Divvy to bring best in class travel and expense experience to U.S. Business travelers".
- ^ "TravelPerk - BambooHR Marketplace | Your Favorite Integrated HR Apps".
- ^ "How modern CFOs easily optimize travel spending".
- ^ "Ramp TravelPerk Integration - TravelPerk Integrations with Ramp | Ramp".
- ^ "Pleo + TravelPerk = the smoothest business travel there is (Probably)".
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