TravelPerk Secures $100M Funding, SoftBank Vision Fund 2 Leads Expansion In Hyper-Growth Business Travel Platform

 


TravelPerk, the hyper-growth business travel management platform, has secured an additional $104 million investment, led by SoftBank Vision Fund 2, with substantial participation from existing investors like Kinnevik and Felix Capital. This funding is an extension of the Series D-1 round raised in January 2022, spearheaded by General Catalyst, and is accompanied by the inclusion of Stephen Thorne, Investment Director for SoftBank Investment Advisers, on TravelPerk's Board of Directors. The capital injection will fuel TravelPerk's platform investment, focusing on enhancing customer experiences through new inventory capabilities, the introduction of novel business travel services, and the expansion of AI-driven product automation. Notably, in 2023, the company experienced robust financial growth, with revenue increasing over 70% YoY, gross profit surging by more than 90% YoY, and annualized booking volumes reaching nearly $2 billion.

Avi Meir, CEO and Co-Founder of TravelPerk, expressed delight in SoftBank's endorsement and continued support from existing investors, emphasizing the company's commitment to building the foremost SaaS business travel platform for SMB and Mid-Tier companies in Europe and the US. The investment not only aligns with TravelPerk's responsible and thoughtful approach to long-term growth but also validates their vision and strategy in a competitive landscape. Stephen Thorne from SoftBank highlighted the underserved SMB segment in the global business travel market and expressed enthusiasm about supporting TravelPerk's next phase of growth. Akhil Chainwala of Kinnevik praised TravelPerk's resilience, innovation, and authentic company culture, anticipating the responsible acceleration that this latest investment will unlock.

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

Comments

Post a Comment

Popular posts from this blog

Varun Srinivas Founder & CEO of Therix.ai and Co-Founder at Coditas on Building Real-World AI Solutions

Image
  In this episode of Discover Dialogues , Vikramsinh Ghatge, Sr. Marketing Director and Editor-in-Chief at TechDogs , sits down with Varun Srinivas, Founder & CEO of Therix.ai and Co-Founder at Coditas, to explore what it truly takes to turn AI prototypes into scalable, real-world solutions. Over the past decade, Varun has been at the forefront of transforming solid engineering principles into practical AI deployments. In this candid conversation, he breaks away from buzzwords and highlights how AI must be built with people, not just algorithms, at the center. The discussion kicks off with an eye-opening statement: “AI isn’t coming for your job—but someone using AI might.” Varun quickly dismantles the fear-driven narratives surrounding AI and instead urges leaders to focus on empowering teams, fostering experimentation, and applying disciplined engineering practices. One standout topic is the rise of “vibe coding”—the fast, intuitive, generative AI-driven approach to developme...
Read more

Education Technology Trends That Will Impact Your Business In 2025

Image
  Education has undergone a monumental transformation, driven by advancements in technology. The traditional classroom of decades past has evolved into a dynamic, tech-enabled environment designed to meet the diverse needs of today’s learners. As we step into 2025, emerging trends promise to reshape how knowledge is delivered, consumed, and retained. Let’s delve into the top five education technology trends that will define the future of learning. 1. Microlearning: Education in Bite-Sized Chunks In a world where attention spans are dwindling, microlearning has emerged as an innovative solution. By breaking down complex topics into short, focused lessons, microlearning caters to the fast-paced lifestyles of modern learners. These sessions, often lasting between two and five minutes, use interactive elements like videos, infographics, and quizzes to make learning engaging and efficient. A survey by the Association for Talent Development highlights that content delivered in small, rep...
Read more

Top 5 Marketing Automation Software Of 2025

Image
  Marketing has evolved significantly over the years, and staying ahead in this competitive landscape requires adopting tools that simplify and optimize processes. Marketing Automation Software offers businesses the capability to streamline operations, reduce manual errors, and enhance customer experiences. Here, we explore the top 5 marketing automation tools of 2025: Ortto, Constant Contact, Bloomreach, Omnisend, and HubSpot Marketing Hub. What Is Marketing Automation Software? Marketing Automation Software is designed to streamline repetitive tasks such as email campaigns, social media posting, lead management, and customer segmentation. These tools ensure consistency, save time, and improve efficiency. According to Nucleus Research, every dollar spent on marketing automation yields $5.44 over three years. This impressive ROI highlights the significance of integrating these tools into your marketing strategy. Tool 1: Ortto Founded in 2015, Ortto has grown into a comprehensive pl...
Read more