TripActions Bags $275 Million to Grow Expense Management: Travel Startup Funding This Week
Photo Caption: A TripActions display at WebSummit Lisbon 2019 Pavilion. Source: WebSummit
Skift Take
A million dollars isn't cool. You know what's cool? $1.3 billion in funding to date.
Travel Startup Funding This Week
Each week we round up travel startups that have recently received or announced funding. Please email Travel Tech Reporter Justin Dawes at [email protected] if you have funding news.This week, travel startups announced more than $279 million in funding.
>>TripActions, a business travel management startup, raised $275 million in a Series F round at a post-money valuation of $7.25 billion.
Greenoaks led the round. Other investors included Elad Gil and Base Partners. The Palo Alto startup previously raised a $155 million round of financing in January and has raised nearly $1.3 billion in funding to date.
Between the start of February 2020 and the end of July 2021, the startup more than doubled its aggregate travel budget under its management. The company has also ramped up the number of clients using its more rec
