TravelPerk, a Barcelona-based business travel platform, has raised $160 million in Series D equity and debt funding to accelerate its rapid global growth. The round was led by Greyhound Capital, with participation from existing investors, and brings the total investment raised to date to $294 million.
TravelPerk’s focus on growth is in the US and Europe and on product innovations designed for the changing needs of travelers and small-medium sized businesses post-pandemic. According to the company’s release, TravelPerk expects to rapidly grow its 500-person team as the travel market grows through late 2021 and 2022.
“There will always be a need for business travel. But the events of the last year have fundamentally changed businesses’ expectations and preferences”, said Avi Meir, CEO and co-founder of TravelPerk.
“We are very confident in the return of business travel this year, and this investment will allow us to accelerate our ambitious growth plan in crucial markets like the US and Europe and deliver on travelers’ changing priorities as safety, sustainability and greater flexibility become essential requirements for all travel”, Meir said.
TravelPerk has developed a travel platform for booking, managing and reporting business trips, using its proprietary technology and 24/7 traveler support. The company is headquartered in Barcelona and has regional offices in London, Berlin and Chicago.