TravelPerk explained

TravelPerk
Type:	Private
Industry:	Corporate Travel Management
Foundation:	2015
Location City:	Barcelona, Spain
Area Served:	Worldwide
Founder:	Avi Meir (CEO) Javier Suarez Ron Levin
Key People:	Roy Hefer (CFO) JC Taunay-Bucalo (CRO) Huw Slater (COO) Ross McNairn (CPTO) Sally Sourbron (CPO)
Num Employees:	1000+ (2022)

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

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

• Navan
• SAP Concur
• Serko
• Snowfall

Notes and References

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