TravelPerk, a Barcelona, Spain, and Zurich, Switzerland-based provider of a business travel platform, has raised $200 million in Series E funding.
The company also announced its acquisition of Yokoy, founded in Switzerland in 2019, a provider of spend management software for global enterprises.
Investors
The round was led by Atomico and EQT Growth, with participation from Noteus Partners and existing investors, including Kinnevik and General Catalyst. This round nearly doubles the company’s valuation to $2.7 billion.
Founded in 2006, Atomico is a venture capital firm based in London, United Kingdom. The firm invests in business products, business services, consumer products, consumer services, energy, financial services, information technology, materials, and resources sectors across Europe, Asia, North America, and South America.
EQT Growth is a venture capital and private equity firm that invests in technology companies across Europe, the U.S., and the Asia-Pacific region. It focuses on late-stage companies within the employee benefits, fitness, and human resources sectors.
TravelPerk Use of Funds
The funding will support TravelPerk’s U.S. expansion and drive investments in product, technology, and AI to enhance travel and expense management for SMBs and mid-market companies.
About TravelPerk
TravelPerk is a SaaS company that provides business travel management platform designed to simplify and optimize corporate travel for companies of all sizes. The company offers an all-in-one solution that combines travel booking, expense management, and policy enforcement, powered by AI and automation.
Funding Details
Company: TravelPerk
Raised: $200.0M
Round: Series E
Funding Date: January 2025
Lead Investors: Atomico, EQT Growth
Additional Investors: Noteus Partners, Kinnevik, General Catalyst
Company Website: https://www.travelperk.com/
Software Category: Travel Management
Source: https://www.travelperk.com/press-release/travelperk-raises-200m-and-acquires-yokoy