TravelPerk adds another $115 million to Series D round, now at $1.3 billion valuation
Taking things a step further, the company also stepped into the events space last November with the launch of TravelPerk Events, offering event planners a one-stop destination for simple meetings and events travel management, a project it intends to continue to develop.
“As time goes by, it is clear that there won’t be a replacement for the human touch. We are seeing data on our platform and we are feeling it ourselves,” commented TravelPerk CEO Avi Meir. “While some technologies are focused on virtual interactions, TravelPerk is building the technology that will help us get together in real life.”
After an impressive shopping spree, TravelPerk is now settling into the groove, and the additional capital is slated to support significant expansion in the company’s target markets, including the US and Europe, despite an ongoing global pandemic. More specifically, the Catalonians are now aiming to solve the problem of maintaining meaningful in-person human connections in a time when flexibility and sustainability are non-negotiable for both employees and leaders.
Meir added, “The last two years have changed the travel industry forever, but one thing will always remain true: we have a human need to connect and meet with each other. Businesses will always need to travel, to bring their teams together and to meet with customers. But they need that travel to be flexible, convenient and, more than ever, they need it to be sustainable.”
TravelPerk’s additional 0 million was led by new investor General Catalyst and existing investor Kinnevik, and takes the total raised by TravelPerk to 9 million. Gillian Tans, ex Chairwoman and CEO of Booking.com, who invested personally in this round, is joining the board of directors alongside Joel Cutler, an early investor in Stripe, Airbnb, and Kayak.
Not satisfied with a paltry 0 million Series D round, Barcelona-based TravelPerk has announced an addition of 5 million to the round, and in doing so signs the dotted line on the unicorn club application with a valuation of .3 billion.
TravelPerk is also coming at the industry through a sustainability-focused lens, offering customers the ability to calculate their carbon footprint and offset their emissions through its acquisition of Susterra in 2021.
“I have been working in the travel industry for many years, and TravelPerk is the one company that never ceases to surprise me. It has solidified its leadership position over the last two years in challenging times for the travel industry, emerging stronger than ever,” commented Gillian Tans. “They are innovative and have been able to anticipate and address their customers’ changing needs through major acquisitions, new market entries, and product designs. I’m honored to be joining as an investor and the board of directors at TravelPerk and to help the company reach a global leadership position.”
# Travel Tech
BY : https://www.mathurapost.com/2022/01/12/travelperk-adds-another-115-million-to-series-d-round-now-at-1-3-billion-valuation/