TravelPerk Nabs $1.3 Billion Valuation: Travel Startup Funding This Week
Photo Caption: Travelperk co-founder and CEO Avi Meir. Source: TravelPerk.
Skift Take
This week, travel startups announced more than $198 million in funding, including business management startup TravelPerk and a half-dozen other companies.
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 $198 million in funding.
>>TravelPerk, a Barcelona-based travel management agency, has raised $115 million in a Series D round.
General Catalyst led the round, which gave the startup a $1.3 billion valuation. The Barcelona-based business has raised $409 million to date.
See Skift's coverage: TravelPerk Enlists Former Booking.com CEO to Scale Up After Raising $115 Million.
>>Fly Now Pay Later, a financial technology firm based in London, has raised a $75 million debt funding package provided by funds managed by Atalaya Capital Management., which also took an equity stake.
The startup will use the funding to expand further into the U.S. market. It has raised a total of $150 million since it was launched in 2015.
The company enables consumers to spread the cost of a trip over several payments, up to 12 monthly installments.
