TravelPerk, a Barcelona, Spain-based travel management platform provider, closed its Series D round at $275 million by raising an additional $115 million to top the $160 million raised in April, reaching a valuation of $1.3 billion.
The round was led by new investor General Catalyst and existing investor Kinnevik and takes the total raised by TravelPerk to $409 million. Gillian Tans, ex Chairwoman and CEO of Booking.com, who invested personally in this round, is joining the board of directors alongside Joel Cutler, an early investor in Stripe, Airbnb, and Kayak.
The company intends to use the funds to double down on its efforts in the development of next-generation sustainable travel solutions, designed specifically for the era of hybrid working, in the expansion in its target markets, including the US and Europe.
Company: TRAVELPERK S.L.U.
Round: Series D
Funding Month: January 2022
Lead Investors: General Catalyst and Kinnevik
Additional Investors: Gillian Tans
Company Website: https://www.travelperk.com/
Software Category: Business travel platform
About the Company: Led by CEO Avi Meir, TravelPerk is the next-generation business travel platform pioneering the future of business travel. TravelPerk’s all-in-one platform gives travelers the freedom they want whilst providing companies with the control they need. The result is saved time, money, and hassle for everyone. TravelPerk has the world’s largest travel inventory alongside powerful management features, 24/7 customer support, state-of-the-art technology, and consumer-grade design, all of which are enabling companies worldwide to get the most out of their travel. The company recently released TravelPerk Events; a tool that helps distributed teams come together face-to-face. The company will continue to develop this product offering going forward in 2022.