TravelPerk

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TravelPerk
Company typePrivate
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)
Websitewww.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]

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]

Partnerships & Marketplace[edit]

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[edit]

References[edit]

  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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