TravelBank, a San Francisco, CA-based all-in-one business travel and expense management platform, received a strategic investment from Dreamers VC.
The amount of the deal was not disclosed.
Dreamers VC is the global venture capital fund with a co-founding team that includes American actor Will Smith and Japanese soccer player Keisuke Honda.
Along with the new capital investment, the fund will also help TravelBank expand and gain customers in the entertainment industry. Dreamers VC, as well as Westbrook Inc, Will and Jada Pinkett Smith’s new media venture, are also both TravelBank customers.
Led by Duke Chung, co-founder and CEO, TravelBank is a travel and expense management platform powering the expense and travel solution for more than 20,000 companies and 120,000 users. Businesses gain immediate control of their travel program, reducing travel spend while improving employee happiness through a travel rewards program. Companies can create and deploy custom travel policies and a baseline for travel spend, and have access to an in-house customer success team for 24/7 concierge-level support, always available by phone, email, or chat.