Business Travel Platform TravelPerk Raises $60M

Barcelona-based business travel platform TravelPerk announced it has added an additional $60m to its Series C round; bringing the company’s total funding to date to ~$133m. The Series C extension has been raised from the same investors that participated in the first part of the round: Kinnevik, Partners of DST Global, Target Global, Felix Capital, Sunstone, and LocalGlobe.

Established in 2015 with a focus on Europe, TravelPerk platform hosts the world’s largest bookable travel inventory, allowing travelers to seamlessly compare, book and invoice trains, cars, flights, hotels and apartments from a range of providers including Kayak, Skyscanner, Expedia, Booking.com, and Airbnb.

“At TravelPerk, we believe that travel is the biggest unsolved problem in business today. As a $1.3tn global market, it’s staggering that businesses have been stuck for so long with a status quo defined by limited inventory, inflexible booking experiences, and lousy customer support. That’s why our approach is all about innovations that will genuinely make life easier for the traveler, and we’re proud to have the continued backing of our fantastic investors in support of this strategy. We have big ambitions for the next phase of our product development, which will see us quickly bring new offerings to market that don’t just see business travel catch up with consumer travel, but actually surpass it.” – Cofounder and CEO of TravelPerk, Avi Meir.