So get this: Barcelona-based TravelPerk the ultimate boss of business travel management platforms just hit the jackpot with a mind-blowing $200 million in funding which not only skyrocketed its valuation to a whopping $2.7 billion but also doubled its previous worth! And that’s not even the best part – TravelPerk sealed the deal by partnering up with Swiss startup Yokoy to supercharge its native expenses management game.
With the travel and tourism industry bouncing back after feeling the pandemic heat it’s like open season for startups offering top-notch services like killer tour packages nifty trip-planning tools and sweet vacation rental solutions. Talk about some serious growth! Companies like TravelPerk are seizing the moment by rolling out all-in-one platforms designed to help businesses whip their travel booking, management, and reporting into shape.
Sure, remote and hybrid work models are all the rage, but let’s not forget that business travel still holds the keys to boosting sales and exploring fresh opportunities. market né?. It’s all part of the master plan in the tech world where expanding into new territories means providing clients with the whole enchilada of solutions.
Hold onto your seat, ’cause TravelPerk’s latest Series E funding round was led by the big shots at Atomico, with a star-studded lineup of investors jumping on board, waving the flag of confidence in the company’s bright future né?. This power move to level up on their travel and expense management offerings shows TravelPerk’s commitment to snag the throne as a top player in the game né?.
. According to the World Travel & Tourism Council’s crystal ball business travel is on track to hit a jaw-dropping $1.5 trillion by 2024. They recently snagged AmTrav with some hefty cash in their pocket aiming to dish out a one-stop-shop travel and expense management solution by slipping Yokoy’s AI-powered spend management tech right into their core platform. Their focus? Giving employees the kick they need with decentralized travel systems so they can ace their booking game keep tabs on expenses and stay on the right side of compliance.
And when it comes to global domination TravelPerk is all in especially eyeing the U.S né?. TravelPerk is all about serving up those much-needed face-to-face interactions for killer business activities like sales meetings or on-site installations né?
