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 Rating Differentiation

Industries

Data & Analytics

Enterprise Software

Company Size

1,001-5,000

Company Stage

Series E

Total Funding

$711.4M

Headquarters

Montornès del Vallès, 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 their travel experience. For travel managers, it provides tools to monitor travel data and manage expenses effectively, while financial controllers benefit from features like 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 often unpredictable nature of business travel. The company earns revenue through commissions on bookings and fees for premium services, such as access to negotiated rates and advanced reporting tools. Overall, TravelPerk aims to offer a convenient, flexible, and efficient solution for managing business travel.

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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 funding round supports U.S. expansion and tech development.
  • TravelPerk's valuation increased by 40%, reaching $2.7 billion.

What critics are saying

  • Increased competition from AI-driven travel management solutions threatens market share.
  • Decline in European tech investments may impact future funding.
  • Rapid AI advancements require TravelPerk to continuously innovate.

What makes TravelPerk unique

  • TravelPerk offers ultimate travel flexibility with its FlexiPerk service.
  • The platform provides real-time tracking and flexible reporting for corporate travel.
  • TravelPerk's user-friendly interface empowers employees to manage their own travel.

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Funding

Total Funding

$711.4M

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

1%

2 year growth

-1%
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

Tech.eu
Feb 10th, 2025
January 2025'S Top 10 European Tech Deals You Need To Know About

According to the Tech.eu database, European tech companies raised €6.6 billion throughout January 2025. In comparison to the same period in previous years, January 2025 experienced a notable decline of about 60 per cent compared to 2024, but an increase of roughly 40 per cent compared to 2023. Harry Haeck, Partner at Smartfin, commented on the January numbers within the European tech investment landscape in our January Tech.eu Pulse, a compact version of the monthly report:The new year began with a major shift in AI as China’s DeepSeek released its open-source R1 model, challenging well-funded AI giants. This marks a fundamental shift in AI economics, allowing European startups to develop competitive AI solutions at a fraction of previous costs. By reducing reliance on massive data centres and expensive model training, it lowers barriers to entry and presents a rare opportunity for Europe to regain ground in AI development, provided startups and investors act swiftly

PYMNTS
Jan 30th, 2025
This Week In B2B: Central Bank Best Practices, Ai Agents, Fintech Innovation

The future of corporate finance is shifting from reactive to predictive, and that’s great news for B2B innovation. This rapid and ongoing shift toward advancements in digitization, real-time payments and next-generation tools such as artificial intelligence (AI)-powered forecasting is redefining how businesses manage core operational elements like liquidity and working capital. For chief financial officers (CFOs) and treasurers, the question is no longer if they should embrace innovation but how quickly they can implement solutions that enhance financial resilience. As uncertainty persists, tomorrow’s corporate giants won’t just be the ones with the biggest balance sheets — they’ll be the ones with the smartest financial infrastructure and operational toolkit

Ara
Jan 28th, 2025
TravelPerk secures €190M, maintains unicorn status

TravelPerk, a Barcelona-based business travel platform, secured a $200 million (€190 million) Series E funding round, reaffirming its unicorn status with a valuation nearing $2.7 billion (€2.57 billion). Led by Atomico and EQT Growth, the funds will accelerate U.S. market expansion post-2024 AmTray acquisition. TravelPerk also acquired Yokoy to enhance expense management solutions. The company reports over $2.5 billion in annual bookings and aims for EBITDA breakeven by end of 2024.

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