Barcelona-based business travel platform TravelPerk raises $ 160 million in Series D

Indicates investor confidence in the resumption of business travel (yes please!), Based in Barcelona TripPerk raised $ 160 million in equity and debt financing in a Series D round.

Directed by Greyhound capital, the cycle also saw the participation of existing investors, although these were not specifically named. With this increase, TravelPerk reaches a healthy total of $ 294 million raised.

This increase is expected to fuel TravelPerk’s US and European market expansion plans, primarily through new product innovations (I’m looking at you COVID) and acquisitions. After weathering the storm without any layoffs, TravelPerk is also embarking on a recruiting frenzy.

“We believe this is a huge long term opportunity, and as customers ourselves we see firsthand the tremendous value TravelPerk brings to all organizations, from finance to administration. and the travelers themselves, ”comments Greyhound Capital’s Pogos Saiadian. “The fact that the company is already exceeding growth expectations for this year further strengthens our belief that TravelPerk is a true market leader.”

Founded in 2015 by Avi meir, Javier Suarez, and Ron Levin, the TravelPerk platform, “combines the best of business and leisure travel” and allows customers to book, manage and report their business trips, all with 24/7 support. The company says it has the largest inventory of bookable trips in the world, allowing consumers to instantly compare, book and invoice trains, cars, flights, hotels and apartments from providers at Kayak, Skyscanner , Expedia, and Airbnb. .

In 2020 TravelPerk acquired a risk management company Albatross, and in January 2021, the company caught an American competitor NexTravel.

“There will always be a need for business travel. But the events of the past year have fundamentally changed the expectations and preferences of companies, ”comments CEO Avi Meir. “Over the past 12 months, we have consistently innovated to meet the changing needs of travelers navigating the complex travel environment during COVID, and have continued to grow as a business during one of the world’s worst crises. industry has never known – doubling our travel budget. under management during this period. “Barcelona-based business travel platform TravelPerk raises $ 160 million in Series D

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