TravelPerk, a Barcelona-based enterprise journey platform, has introduced a US$200 million Sequence E funding spherical led by European enterprise capital agency Atomico, alongside EQT Progress, with contributions from Noteus Companions and present traders, together with Kinnevik and Normal Catalyst.
The oversubscribed spherical has almost doubled TravelPerk’s valuation to US$2.7 billion.
The funding will help the corporate’s progress, together with its continued growth into the US market, following the acquisition of AmTrav in 2024, and important funding in product improvement, expertise, and AI to reinforce its journey and expense administration platform for SMEs within the US and Europe.
As well as, TravelPerk has acquired Yokoy, a Swoss firm specialising in AI-powered expense, bill, and card fee processing.
Commenting on the acquisition, JC Taunay-Bucalo, TravelPerk President and COO, mentioned,
“Till now, clients confronted trade-offs between integration and high quality, or between person and finance experiences. Now, they’ll have the very best of each worlds—built-in options and distinctive service.”
Yokoy’s Co-founder and CEO, Philippe Sahli, added,
“Our collaboration since 2020 has been profitable, and we’re thrilled to unite as one firm to reinforce the client expertise additional.”
TravelPerk has demonstrated sustained progress, with annualised reserving volumes exceeding US$2.5 billion, income surpassing US$200 million, and 50% annual progress over the previous two years.
The corporate additionally reached EBITDA break-even in late 2024.
Featured picture credit score: edited from freepik
