TripActions, a Palo Alto, California-based fastest-growing travel and spend management platform, raised $275 million in Series F growth funding at a post-money valuation of $7.25 billion.
The round was led by Greenoaks with strong participation from investor Elad Gil, Base Partners, and all key existing financial investors. TripActions has raised nearly $1.3 billion in funding to date.
The company plans to use its new capital primarily to double down on TripActions Liquid, its fintech payments, and expense management solution, to expand more globally.
Company: TripActions, Inc.
Raised: $275.0M
Round: Series F
Funding Month: October 2021
Lead investors: Greenoaks
Additional Investors: Elad Gil and Base Partners
Company Website: http://tripactions.com/
Software Category: Travel and spend management platform
About the Company: Fast becoming the default for corporate travel and expenses, TripActions is the leading, cloud-based T&E platform that combines industry-leading tech with best-in-class travel agency service. TripActions is the modern business travel platform that combines the latest AI-driven personalization with unrivaled inventory and 24x7 365 live human support to delight employees, finance leaders, and travel managers alike—all while empowering organizations to seize travel as a strategic lever for growth. Trusted by more than 5,000 companies globally, TripActions empowers organizations with real-time data to make business decisions and provides flexible T&E management tools that enable them to adapt to changing market conditions to keep traveling employees safe, control costs, and save money.
Source: https://tripactions.com/press-release/tripactions-raises-275-million-series-f https://techcrunch.com/2021/10/13/from-0-in-revenue-to-a-7-25b-valuation-why-tripactions-275m-raise-has-fintech-to-thank/