Business Travel Management Platform TravelPerk Raises $104M

TravelPerk, a platform designed for SMEs to manage their business travels, has secured $104 million in a funding round led by SoftBank's Vision Fund 2, valuing the company at $1.4 billion. Despite the global economic downturn, TravelPerk has shown resilience and received continued support from investors, showcasing the strength of its all-in-one travel management solution.

Steady Growth Amid Market Challenges

Founded in 2015, Barcelona-based TravelPerk has raised significant funds previously and continues to invest in its technology. The firm's CEO, Avi Meir, emphasizes the significance of their product in a complex travel segment. With SoftBank's recent investment, TravelPerk demonstrates its potential for sustainable growth and future prospects in an evolving industry.

TravelPerk, business travel management, SoftBank, Vision Fund 2, Series D round, startup funding, pandemic recovery, travel technology