TravelPerk Raises $160M in Series D
TravelPerk has successfully raised $160M in a Series D at a $1.4B valuation led by SoftBank Vision Fund.
Company Overview
TravelPerk is a Travel company headquartered in Barcelona, Spain, founded in 2015 with 1000+ employees.
Business travel platform
Fundraising Details
- Amount Raised: $160M
- Round Type: Series D
- Valuation: $1.4B
- Date: 2024-01-14
- Investors: SoftBank Vision Fund
About TravelPerk
Business travel platform The company is positioned in the Travel sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: Barcelona, Spain
- Founded: 2015
- Team Size: 1000+
- Industry: Travel
What This Means
This funding round demonstrates strong investor confidence in TravelPerk's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The Travel sector continues to attract significant investment as companies innovate to meet evolving market demands. TravelPerk's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $1.4B valuation marks an important milestone for TravelPerk, positioning the company among notable players in the Travel industry.
Looking Ahead
With this new capital, TravelPerk is well-positioned to execute on its growth strategy and continue building innovative solutions in the Travel space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
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This fundraising news was reported on 2024-01-14. For more information about TravelPerk, visit their headquarters at Barcelona, Spain.
