Corporate Travel Booker TravelPerk Raises an Extra $60 Million
Photo Credit: TravelPerk CEO Avi Meir. TravelPerk
Skift Take
The company is doing well, considering it's operating in one of the most difficult markets for business travel. Now it's hinting at new, out-of-the-box products, but we'll have to wait and see what those are.
Business travel is a lucrative industry with a lot of growth coming from competing startups, and the venture capital money just keeps coming.
TravelPerk has raised $60 million in further Series C funding, bringing the total amount raised to $104 million for this round. Existing investors Kinnevik, Partners of DST Global, Target Global, Felix Capital, Sunstone, and LocalGlobe led both the first and second tranches of Series C funding, which was first announced in October.
Overall, the Barcelona-based travel booker and management company has raised $133.4 million since it was founded in 2015.
The additional money will be used for product innovation and to expand furth
