TravelPerk, a Barcelona, Spain-based free platform for companies to budget, book and manage business travel, raised $7m (approx. €6.3m) in Series A funding.
The round was led by Spark Capital, with participation from Sunstone Capital and existing backers LocalGlobe. In conjunction with the funding, Spark Capital’s Alex Finkelstein will join TravelPerk’s Board of Directors.
The company plans to use the funds to triple their team in Barcelona, further develop their technology and expand globally.
Co-founded in 2015 by and Ron Levin, Avi Meir and Javier Suarez, TravelPerk operates a free platform for office managers to book and manage their business travel all in one place, offering expense integration and travel budget reporting.