Planned Raises $35 Million in Series B
Planned, a Montreal, Canada-based company that provides end-to-end solutions for travel and events, has raised $35 million in Series B, bringing its total funding to $65 million.
Planned, a Montreal, Canada-based company that provides end-to-end solutions for travel and events, has raised $35 million in Series B, bringing its total funding to $65 million.
Investors
The round was led by Drive Capital, with additional participation from Outsiders Fund and two other firms.
Drive Capital is a private investment firm that partners with entrepreneurs to build long-term, sustainable businesses. Founded in 2012 and based in Columbus, Ohio, the firm invests in seed-stage, early-stage, and later-stage companies.
Planned Use of Funds
The company will use the funding to develop its AI capabilities, expand globally, and launch its online booking tool.
About Planned
Founded in 2017 by Emeric Noel and Marc-Antoine Bonin, Planned offers an end-to-end solution for the travel and events industry. It is a source-to-pay service for travel and events accelerated by technology. They help meetings and events leaders manage their sourcing, payments, and policies through AI-accelerated services. Planned combines human service with AI to deliver cost-effective, scalable, customized sourcing and booking services. The company is trusted by major clients including PwC, Block, AWS, and Instacart.
Funding Details
Company: Planned Enterprise Inc.
Raised: $35.0M
Round: Series B
Funding Month: July 2024
Lead Investors: Drive Capital
Additional Investors: Outsiders Fund
Company Website: https://planned.com/
Software Category: Travel and Events Management
