123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Others >> View Article

Travelperk Secures $100m Funding, Softbank Vision Fund 2 Leads Expansion In Hyper-growth Business Travel Platform

Profile Picture
By Author: Orson Amiri
Total Articles: 395
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

Business travel management platform TravelPerk has successfully secured an additional $104 million in funding, led by SoftBank Vision Fund 2, with notable participation from existing investors such as Kinnevik and Felix Capital. This funding extends the Series D-1 round initiated in January 2022, spearheaded by General Catalyst. SoftBank's Investment Director, Stephen Thorne, is set to join TravelPerk's Board of Directors. The investment will fuel platform improvements, introducing new inventory capabilities, launching additional business travel services, and enhancing product automation through AI. In 2023, the company achieved remarkable growth with a revenue increase of over 70%, gross profit surging by more than 90%, and annualized booking volumes nearing $2 billion.

Avi Meir, CEO and Co-Founder of TravelPerk, expressed gratitude for the support and outlined the company's focus on becoming the leading SaaS business travel platform for SMB and Mid-Tier companies in Europe and the US. Stephen Thorne of SoftBank highlighted TravelPerk's innovation in catering to the underserved SMB segment within the global business travel market. Akhil Chainwala, Investment Director at Kinnevik, commended TravelPerk's resilience and efficient automation, expressing anticipation for responsible acceleration in the next phase of growth enabled by the latest investment.

Read More - https://www.techdogs.com/tech-news/business-wire/travelperk-secures-over-100m-in-funding-led-by-softbank-vision-fund-2-to-expand-hyper-growth-business-travel-platform

Total Views: 78Word Count: 195See All articles From Author

Add Comment

Others Articles

1. Essential Applications Of Hplc In The Pharmaceutical Industry
Author: Peter Lee

2. Boat Launches Airdopes Progear: Next-gen Open-ear Earbuds
Author: Digital Terminal

3. Tips To Find Out The Best Remington 870 Heat Shield Online
Author: Slade Street Tactical

4. The Future Of Data Analytics: Trends To Watch In 2025
Author: Ben Gross

5. International Conference On Materials Science And Nanotechnology
Author: Noveltics Group LLC

6. Emerging Technologies That Will Shape Your Business In 2025
Author: Orson Amiri

7. The Ultimate Guide To A Stress-free Move With Packers And Movers In Ranchi
Author: Shree Ashirwad Packers and Movers

8. Emerging Search Engine Marketing Trends To Watch For 2025
Author: Orson Amiri

9. How To Choose The Right Storage Unit In Liverpool: A Comprehensive Guide
Author: Big Padlock

10. Best Astrologer In Vizianagaram
Author: Astrology56

11. Liquid Injection Molding Led Silicone Lens For High Power Tunnel, Seaport Industrial Lighting
Author: yejiasilicone

12. Best Astrologer In Sudhama Nagar
Author: Famousbanglore

13. Pier Seven’s Guide To Building A Career In Aviation
Author: pierseven

14. 5 Innovative Uses Of Pipes And Tubes You Never Knew About
Author: sagar steel

15. Automation Trends Shaping The Future Of Business In 2025
Author: Orson Amiri

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: