TravelPerk, a Barcelona, Spain-based travel management platform, raised $160m in Series D equity and debt funding.
The round, which brought the total funding raised to date to $294m, was led by Greyhound Capital, with participation from existing investors, DST, Kinnevik, Target Global, Felix Capital, Spark Capital, Heartcore, LocalGlobe, Amplo, and 14W.
The company intends to use the funds to accelerate global growth, with a particular focus on the US and Europe and to grow its 500-person team.
Led by Avi Meir, CEO and co-founder, TravelPerk provides a travel platform for booking, managing and reporting business trips, using its proprietary technology and 24/7 traveler support. The platform hosts the a large bookable travel inventory, allowing travelers to compare, book and invoice trains, cars, flights, hotels and apartments from a range of providers including Kayak, Skyscanner, Expedia, Booking.com, and Airbnb.
In the last year, the company released a range of new solutions including TravelSafe, a product for the wider travel industry, which made its real-time data on the latest COVID travel restrictions available through an API, and acquired risk management startup Albatross, and US-based competitor NexTravel.