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TravelPerk

Comprehensive business travel booking platform

Overview

TravelPerk is a business travel platform that helps companies book and manage corporate trips in one place. Employees can book trips, while real-time data, policy controls, and flexible reporting allow travel managers and finance teams to review spend and consolidate invoicing. Premium services like negotiated rates, advanced reporting, and FlexiPerk add value with refunds on cancellations, setting it apart from traditional travel agencies. The goal is to provide a centralized, flexible, and cost-efficient way to handle corporate travel, improving visibility and control over spend.

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About TravelPerk

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

Industries

Data & AnalyticsEnterprise Software

Company Size

1,001-5,000

Company Stage

Series E

Total Funding

$866.3M

Headquarters

Barcelona, Spain

Founded

2015

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Simplify's take

What believers are saying

  • Perk closed a $300 million credit facility in June 2026, extending expansion firepower.
  • June 2026 reporting put annual sales at $3.1 billion, supporting growth claims.
  • July 2026 hires of Roy Hefer and Sally Sourbron strengthened finance and people execution.

What critics are saying

  • Navan, Brex, and Ramp attack Perk's spend-management expansion with deeper embedded-finance products.
  • Yokoy integration, US scaling, and debt servicing create execution risk through 2027.
  • Perk still discloses no audited consolidated financials or retention metrics, hiding churn and cash burn.

What makes TravelPerk unique

  • Perk's 2025 Yokoy acquisition fused travel booking, expense, invoice, and card workflows.
  • Perk's 2026 rebrand and PoliciesAI target an integrated travel-and-spend operating system.
  • Perk's 2026 partnerships and US expansion position it against fragmented legacy TMCs.

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Funding

Total Funding

$866.3M

Above

Industry Average

Funded Over

12 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
$250M
$1.3B
$1.5B

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

Company News

PhocusWire
Sep 12th, 2025
PhocusWire's weekly travel tech news briefs: TravelPerk, Amadeus, Boatscribe, Ryanair and more...

TravelPerk has appointed Nikita Miller chief product officer to drive product strategy and support North America expansion.

Dealflow
Aug 1st, 2025
TravelPerk raises $104m in funding.

TravelPerk, a business travel management company based in Barcelona, raised $104 million in a funding round led by SoftBank’s Vision Fund 2, with participation from Kinnevik and Felix Capital. SoftBank contributed $70 million. This round increases TravelPerk’s valuation to $1.4 billion, up from $1.3 billion a year ago, and brings its total funding to over $500 million. The company reported a 70% YoY revenue growth and a 90% increase in gross profit in 2023.

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.

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