Barcelona -based business travel management platform, TravelPerk, has raised $ 200 million with a rating of $ 2.7 billion, almost twice as much as last year's financing rating of $ 1.4 billion.
In addition to RAISE, Travelperk has announced that it has acquired Switzerland Startup Yokoy to bring native cost management into a dispute.
The travel and tourism industry dates back to the level before the easing, which proves the benefits of startups that provide everything, from tour packages, travel planning tools, luggage storage, and vacation rental smart.
This trend is slightly reflected in the field of corporate travel and the Tourism Council (WTTC). It pointed out that business trips reached a record of $ 1.5 trillion in 2024 in 2024. 。 In September, it was revealed that the engine -based engine, which focuses on hotel reservations, flights, rental cars, and conference spaces, has raised $ 140 billion with $ 2.1 billion.
Travelperk has advertised all -in -one platforms for companies to reserve, manage, and report all domestic and international travel, and have integrated platforms to HR and costs.
Pandemic has had an impact on labor culture from the perspective of remote and hybrid working, but there is almost no correlation between the types of corporate travels that Travelperk is interested in. Jean-christophe Taunay-Bucalo, president and highest executive Officer of Travelperk, pointed out the recent value of business travel reports.
“Hybrid and remote work models minimize the impact on business trips. If you are traveling for work, it will continue to be a part of your job,” “Sales.” There are many situations where workers need to go to the ground, whether they are meeting or to install a wind turbine.
But more distributed labor means that companies invest more on off -sites that need travel. And Travelperk believes this is a great opportunity for more people to give this diversification.
“The distributed travel system is enabled employees to manage their reservations. In the past, it means lack of cost and compliance control, but the tools built into the platform are travel managers. Tauna Bucaro provides the complexity of the business by providing monitoring without burden.
TravelperKimage Credit: Travelperk
“Unified travel and expenses”
The TRAVELPERK, which was established in 2015, had previously raised about $ 660 million and debt capital, but with a $ 200 million bank, the company is now a global growth plan. He said that he doubled. This includes the US market, which acquired the rival AMTRAV last year, last year.
However, these growth initiatives also include the vertical direction in the tangent direction. One of the existing integration of Travelperk is Yokoy, a spending management platform for AI backed by the SEQUOIA CAPITAL. As part of the announcement of the financing of Series E on Monday, Travelperk has said that it is currently completely acquired Yokoy with a private price, but TechCrunch is a “nine numbers” transaction. It is said. Started in 2019.
This allows Travelperk to provide “deeper, more unified travel and expenses”, which is native on the core platform, rather than only dependent on third -party integration.
“In order to expand in the entire core market, accelerate the growth of the United States, and now become the number one travel and expense management platform, our focus is unprecedented,” he said. CEO AVI MEIR (photo above) is described. statement.
YOKOYIMAGE Credit: YOKOY
This mirror moves elsewhere in the technology area. For example, in 2020, the trimmer expanded to expenses in 2020, in response to pandemic, which has a long -term pause of most companies. On the other hand, the lamp moved in the opposite direction in 2022 and added travel management to existing expense products.
It makes sense to expand the costs, as expanding costs is a future prevention for all headwinds facing today and future travel departments. In fact, the cost is something that all companies have to deal with, regardless of their position on corporate travel.
As a result of transactions, the CEO's Philip Sari and CTO's Devis Russian teams join Travelperk, where the integration of each product is set.
“The partnership with Yokoy has already been a great success, and I'm excited to go to the next level by welcoming PHIL, Devis, and other teams from Travelperk,” says MEIR. “We share a common vision of AI's role to reconstruct the future of travel and expense management, and the innovation from Zurich's Yokoy AI Lab is very impressive.”
The TRAVELPERK series E -round was led by European venture capital companies atomico, leading the participation from existing investors such as EQT growth, Noteus Partners, Kinnevik, and General Catalyst.