Engine Raises $140M in Series C

Engine has successfully raised $140M in a Series C at a $800M valuation led by Blackstone Growth, Permira.

Company Overview

Engine is a Travel Tech company headquartered in Denver, CO, founded in 2019 with 250+ employees.

Modern travel platform for booking and managing corporate business trips

Fundraising Details

Amount Raised: $140M
Round Type: Series C
Valuation: $800M
Date: 2024-09-12
Investors: Blackstone Growth, Permira

About Engine

Modern travel platform for booking and managing corporate business trips The company is positioned in the Travel Tech sector, serving a growing market with innovative solutions.

Key Information

Headquarters: Denver, CO
Founded: 2019
Team Size: 250+
Industry: Travel Tech

What This Means

This funding round demonstrates strong investor confidence in Engine'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 Tech sector continues to attract significant investment as companies innovate to meet evolving market demands. Engine's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $800M valuation marks an important milestone for Engine, positioning the company among notable players in the Travel Tech industry.

Looking Ahead

With this new capital, Engine is well-positioned to execute on its growth strategy and continue building innovative solutions in the Travel Tech space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2024-09-12. For more information about Engine, visit their headquarters at Denver, CO.