Barcelona -based commercial travel platform Travelperk It raised $ 200 million with a huge evaluation of $ 2.7 billion – nearly 1.4 billion dollars in rating in the previous donation last year.
Besides the increase, Travelperk has also announced that it had obtained a Swiss startup Yukoy To bring the original expenditures to the battle.
With the travel and tourism industry about Return to prenatal levelsThis has proven to be a blessing for startups that offer everything from flight packages, flight planning tools, and to luggage storage and vacation.
This trend was also somewhat reflected in the field of companies, with the World Travel and Tourism Council (WTTC) With reference This commercial travel was in its course to $ 1.5 trillion in 2024-6.2 % more than prenatal peak in 2019. This demand is to liquidate the start-up space of companies, as investors surround. In September, Denver’s news appeared engineIt focuses on hotel reservations, flights, car rental and meeting spaces, She raised 140 million dollars with a rating of 2.1 billion dollars.
TREVELPERK, for its part, tells the all -in -one platform for companies to reserve and manage all local and international travel, with integration Which supplies the platform For jobs Like human resources and Expenses.
Although the epidemic had an indelible effect on the culture of work in terms of remote and hybrid work, there is a slight relationship between this and the type of travel for companies that Travelperk is interested in. Head of Travelerk and Senior Operating Officer, Jean-Cristophe Taunay-BucaloHe referred to the latter Commercial travel value The report, which was found that companies are still planning to invest in travel to enhance sales and new business efforts, such as traveling to conferences.
“The hybrid and remote models have had a little impact on the demand for commercial travel-those who travel for work will continue to do so, because it is part of their work,” Tonay Bokalo told Techcrunch via email. “Whether it is to hold a sales meeting or to install wind turbines, there are many situations in which workers should be on the ground personally.”
However, the most distributed workforce means that companies invest more abroad, which require travel. Travelperk believes this decentralization is an ideal opportunity to get its technology in the hands of more people.
“Decentralization travel systems enable employees to manage their reservations, and while this was in the past, it means not controlling expenditures and compliance, the tools integrated on our platform restore control and vision to work by providing supervision without the return of travel managers with logistics, and Toonai Pocalo said” complications. “
“Unified Travel and Expenditure”
Travelerk was established in 2015, and it had previously raised about $ 660 million of capital and debt, and with another $ 200 million in the bank, the company said it is now multiplying on global growth plans. This includes the United States market, where Chicago -based competitor Last year, with support from $ 135 million in debt financing.
But these growth efforts also include expanding crosses. Between travelerkk Current integration It is Yokoy, the spending management platform that supports artificial intelligence Supported by Sikoya Capital. As part of the financing announcement from the E series on Monday, Travelerk said it was now taking place in 2019.
This will allow Travelerk to provide a “deeper and more uniformity display of travel and expenses”, with original bread expenses on its basic platform rather than relying exclusively on the integration of the third party.
“Our focus was never stronger with expansion in the basic markets, and we are speeding up growing in the United States, and now we are working to become the travel management and expenditures number one,” said the founder of Travelperperk and the CEO of AVI Meir (in the image above) in a statement.
These mirrors move elsewhere in the world of technology. For example, Tripptions expanded to the management of expenses again in 2020 in response to an epidemic that puts the travel plans for most companies in the long term. Meanwhile, RAMP moved in the opposite direction in 2022, adding travel management to the current expense product.
The expansion of expenditures is great, because it is resistant in the future against any opposite winds facing the travel sector today and in the future. In fact, expenditures are something that all companies must deal with, regardless of their position on companies’ travel.
As a result of the treatment, the Yukoy team, including the CEO Philip Sahli The CTO Devis Lussi, will join Travelperperk, where they will set each of them.
“Our partnership with Yukoy has already been a great success,” Mir said. ” “We are sharing a common vision of the role of Amnesty International to reshape the future of travel and expenses, and innovation that comes out of artificial intelligence laboratories in Yukoy in Zurich seriously impressive.”
Travelerk’s Series E Round was led by the European Capital ATOMICO, with the participation of EQT Growth, Noteus Partners, Kinnevik, General Catalyst, among other investors.
