TravelPerk

TravelPerk

Business travel booking and management platform

About TravelPerk

Simplify's Rating
Why TravelPerk is rated
B-
Rated D+ on Competitive Edge
Rated A on Growth Potential
Rated B on Differentiation

Industries

Data & Analytics

Enterprise Software

Company Size

1,001-5,000

Company Stage

Series E

Total Funding

$866.3M

Headquarters

Barcelona, Spain

Founded

2015

Overview

TravelPerk is a business travel platform designed to simplify the booking and management of corporate travel for companies of all sizes. The platform allows employees to book their own trips, which saves time and enhances satisfaction. Travel managers can use the platform to track travel data and manage costs effectively, while financial controllers benefit from consolidated invoicing and straightforward reporting. A key feature of TravelPerk is its flexibility, allowing users to cancel bookings at any time, which is particularly useful in the unpredictable nature of business travel. The company generates revenue through commissions on bookings and fees for premium services, such as access to negotiated rates and advanced reporting features. Overall, TravelPerk aims to provide a comprehensive solution that combines flexibility, control, and convenience in corporate travel management.

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Simplify's Take

What believers are saying

  • TravelPerk's acquisition of Yokoy enhances its AI-driven expense management capabilities.
  • The $200M Series E funding supports U.S. expansion and AI development.
  • TravelPerk's valuation increased by 40%, reaching $2.7 billion, indicating strong market confidence.

What critics are saying

  • Integrating Yokoy's AI solutions may present internal challenges for TravelPerk.
  • Rapid AI advancements could outpace TravelPerk's current technological capabilities.
  • U.S. market expansion poses risks related to cultural and regulatory differences.

What makes TravelPerk unique

  • TravelPerk offers ultimate travel flexibility with its FlexiPerk service.
  • The platform provides real-time travel data management and flexible reporting tools.
  • TravelPerk empowers employees with self-service travel booking, enhancing user satisfaction.

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Funding

Total Funding

$866.3M

Above

Industry Average

Funded Over

8 Rounds

Notable Investors:
Series E funding typically includes additional rounds after Series D if the company needs more capital. The business is usually stable, and these rounds are typically used for further expansion or to address market challenges.
Series E Funding Comparison
Above Average

Industry standards

$100M
$245M
Stripe
$250M
Reddit
$1250M
Epic Games
$1500M
Airbnb

Benefits

Health Insurance

Dental Insurance

Life Insurance

Disability Insurance

Paid Vacation

Paid Sick Leave

Paid Holidays

Parental Leave

Family Planning Benefits

Fertility Treatment Support

Professional Development Budget

Conference Attendance Budget

Wellness Program

Mental Health Support

Gym Membership

Phone/Internet Stipend

Home Office Stipend

Relocation Assistance

Volunteer Perk

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
TravelPerk
May 6th, 2025
TravelPerk raises $160 million Series D to accelerate global growth

TravelPerk, the largest and fastest growing global travel management platform, announced it has raised $160 million in Series D equity and debt funding to fuel the next phase of its rapid global growth.

PhocusWire
Apr 4th, 2025
Phocuswire'S Weekly Travel Tech News Briefs: Airbaltic, Hostaway, Smartvel, Travelperk And More...

Here's our roundup of the people, product and partner news from the global travel industry this week.Hostaway AIVacation rental property management tech company Hostaway has launched Hostaway AI, a suite of artificial intelligence (AI)-powered tools for property managers. The tools include AI Review Sentiment Analysis and the Host Quality Dashboard, which provide real-time insights into guest feedback, team performance, and listing quality. These join existing features like AI Guest Replies, AI Dynamic Pricing and AI Task Management, helping property managers automate tasks, optimize pricing and improve service. According to the company, Hostaway AI delivers measurable results, including a 400% growth for clients and 60 minutes saved per reservation.Stay22's map buttonTravel tech specialist Stay22 has introduced a new map button to simplify booking for accommodations, events and travel experiences. The feature has significantly boosted user engagement, with a fourfold increase in clicks and a 50% higher conversion rate on mobile devices, the company said. The map button streamlines the booking process, making it easier for users to complete transactions with a single tap, especially on mobile

Euro Weekly News
Mar 31st, 2025
TravelPerk rebrands, raises $200M, acquires Yokoy

TravelPerk, a Barcelona-based business travel platform, marks its 10th anniversary with a bold rebrand, a $200 million funding round, and the acquisition of AI-powered expense platform Yokoy. The rebrand, developed with Wolff Olins, introduces vibrant colors like "Perk Green." The Series E funding, led by Atomico and EQT Growth, values TravelPerk at $2.7 billion. The investment will support US expansion and further AI development, aiming to integrate travel and expense management.

Emprendedores
Mar 4th, 2025
TravelPerk secures $200M, acquires Yokoy

TravelPerk, a business travel management platform, raised $200 million in a Series E round led by Atomico and EQT Growth, boosting its valuation to $2.7 billion. The funding will accelerate its U.S. expansion. TravelPerk also acquired Swiss fintech Yokoy, known for its AI-driven expense management solutions. This acquisition strengthens their collaboration, aiming to enhance travel and expense management through AI. TravelPerk's annual bookings exceed $2.5 billion, with revenues over $200 million.

PhocusWire
Feb 28th, 2025
Phocuswire'S Weekly Travel Tech News Briefs: Travelperk, Airbnb, Expedia Group, Swa, Hostaway And More...

Here's our roundup of the people, product and partner news from the global travel industry this week.Editor's note: This roundup was created with the help of ChatGPT.Amex GBT names new senior leadership. American Express Global Business Travel (Amex GBT) has announced new senior leadership appointments in marketing and technology. Evan Konwiser is appointed chief product and strategy officer, overseeing product development, corporate strategy, communications and sustainability. Konwiser, who joined Amex GBT in 2020, has held several leadership roles. Alisa Copeman is named chief marketing officer, responsible for brand and marketing strategies. Copeman previously served as senior vice president of global marketing at Amex GBT and CMO at Barclays UK

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