TravelPerk

Last updated
TravelPerk
Company type Private
IndustryCorporate Travel Management
Founded2015
FounderAvi Meir (CEO)
Javier Suarez
Ron Levin
Headquarters
Barcelona,
Spain
Area served
Worldwide
Key people
Roy Hefer (CFO)
JC Taunay-Bucalo (CRO)
Huw Slater (COO)
Ross McNairn (CPTO)
Sally Sourbron (CPO)
Number of employees
1000+ (2022)
Website www.travelperk.com

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]

Contents

History

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]

Partnerships & Marketplace

TravelPerk partners with a wide range of businesses (Divvy, [28] [29] BambooHR, [30] Spendesk, [31] Ramp, [32] Pleo [33] and more) that span a variety of industries (HR, expense management, event management, health and wellness, sustainability, etc.).

See also

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References

  1. ↑ "The unicorn TravelPerk returns with new headquarters". Expansión. 9 June 2022.
  2. ↑ "Travelperk buys UK based ClickTravel in latest pandemic purchase". Techcrunch. 6 July 2021.
  3. ↑ "Travel management platform aims to add hundreds of jobs with Edinburgh hub opening". Scotsman.
  4. ↑ "TravelPerk adds $115M to equity and debt Series D, discloses unicorn valuation". TechCrunch.
  5. ↑ "How Travelperk Builds Better Tools for European Business Travelers". 23 May 2019.
  6. ↑ ""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.
  7. ↑ "TravelPerk continues growth spurt with $44 Million funding round".
  8. ↑ "TravelPerk grabs $44M to take its pain-free SaaS for business travel global". 15 October 2018.
  9. ↑ "Barcelona-based business travel platform TravelPerk raises €53 million, bringing its Series C total to €92.5 million". 18 July 2019.
  10. ↑ "Travel Booking Startup TravelPerk Raises $60 Million". 24 July 2019.
  11. ↑ "TravelPerk is taking business places with new funding totalling its Series C round at $104 million". 18 July 2019.
  12. ↑ "TravelPerk closes a round of 53 million euro". 26 July 2019.
  13. ↑ "TravelPerk acquires Albatross to boost risk-management capability".
  14. ↑ "Barcelona's TravelPerk buys Albatross, an API for virus-related travel restrictions, to expand risk management offering". 9 July 2020.
  15. ↑ "TravelPerk launches an API for COVID-19 restrictions". 26 October 2020.
  16. ↑ "TravelPerk creates marketplace to offer additional services to corporate travelers".
  17. ↑ "Is business travel back? TravelPerk acquires US rival NexTravel". 13 January 2021.
  18. ↑ "TravelPerk Acquires NexTravel to Grow U.S. Footprint".
  19. ↑ "Business trip platform TravelPerk buys YC-backed rival NexTravel". 13 January 2021.
  20. ↑ "TravelPerk buys UK-based Click Travel in latest pandemic purchase". 6 July 2021.
  21. ↑ "TravelPerk acquires Click Travel".
  22. ↑ "TravelPerk continues corporate travel roll-up with acquisition of Click Travel".
  23. ↑ "TravelPerk acquires eco-friendly travel consultancy Susterra".
  24. ↑ "Barcelona's TravelPerk makes another acquisition: Travel sustainability consultancy firm Susterra". 30 September 2021.
  25. ↑ "TravelPerk makes another acquisition".
  26. ↑ "We got an exclusive look at the pitch deck business travel startup TravelPerk used to raise $160 million". Business Insider .
  27. ↑ "TravelPerk Hits $1.3 Billion Valuation as Business Trips Rebound". Bloomberg. 12 January 2022.
  28. ↑ "TravelPerk Partners to Offer to Divvy Clients Travel Services".
  29. ↑ "TravelPerk partners with Divvy to bring best in class travel and expense experience to U.S. Business travelers".
  30. ↑ "TravelPerk - BambooHR Marketplace | Your Favorite Integrated HR Apps".
  31. ↑ "How modern CFOs easily optimize travel spending".
  32. ↑ "Ramp TravelPerk Integration - TravelPerk Integrations with Ramp | Ramp".
  33. ↑ "Pleo + TravelPerk = the smoothest business travel there is (Probably)".
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