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TRAVELPERK RAISES €53M, ITS THIRD CAPITAL INCREASE IN 15 MONTHS


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BY : Diego GutiérrezJuly Mon, 2019

TravelPerk is a Spanish startup based in Barcelona, created just three years ago and specialising in corporate travel, which has just broken a milestone by raising almost €120M between April 2018 and July 2019.

The problem was obvious: there was a need to create specific solutions for companies in terms of their travel, since according to Global Business Travel Association, represents a market of €222.550M in Europe alone. Until Avi Meir, Javier Suárez and Ron Levin came along and co-founded TravelPerk in 2015.

TRAVELPERK and its customers

Currently, the company serves more than 1,000 clients, from large technology companies such as Uberto government agencies, not to mention local start-ups such as Typeform. Its main market is Western European countries, and it has 240 employees, although it expects to end the year with 430 employees and even expects to reach 580 employees during 2020.

The firm has just lift 53M€The following are the signatories to the KinnevikYuri Milner, Tom Stafford, Felix Capital, Global Target, Local Globe, y Sunstone Capitalall international investors who also took part in another round of the company that took place last October. In fact, this latest round is the third capital increase in just 15 months, and the company itself sees it as a continuation of what was announced last autumn. With it, they will be able to accelerate their expansion and invest in solutions for customers who are in the middle of their journey.

In addition, this investment in TravelPerk is the second largest investment in Barcelona start-ups so far this year, only surpassed by the €150 million investment of Glovo. The goal is clear: it wants to lead the global business travel industry.

OTHER SIMILAR OPERATIONS:

CVD GROUP

It is a travel wholesaler with its own platformwhich offers travel agency services to travel agencies in hotelsThe company also has its own financing on some flights so that it can finance flights for its customers without having to ask for any documentation.

This company has recently received a financing round series A, worth €1 million and led by Alzisthe business corporation founded half a century ago by the Coves family, which continues to add to its business conglomerate.

With this capital injection, which has doubled its initial investment target, CVD Group aims to maintain its expansion strategy in the coming years and consolidate its position as the leading platform for retail travel agencies in Spain.

TROOPTRAVEL

Through Big Data, helps managers of meetings, events and corporate travel make the best decisions when planning and booking them.of any kind. The technology it uses enables large corporations to save costs and reduce planning time.

Last year, TroopTravel won the award for the most disruptive company in the business travel sector, and in its first round of funding was able to raise 230,000 euros with the aim of accelerating the platform's development.

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