TripActions Raises $300 Million, Quiet on Public Listing
Photo Credit: A TripActions ad above an airport bookstore at Heathrow International Airport. Skift
Skift Take
Another financing top-up, which brings the funding round up to Series G. Is this a sign of an imminent IPO, or has the appetite cooled off?
Corporate travel agency TripActions has raised just over $300 million, involving a combination of $154 million in equity from new and existing financial investors, plus a $150 million structured capital transaction led by Coatue.
This latest Series G financing gives it a valuation of $9.2 billion, the company claimed in a statement.
The funding will be used to accelerate expansion. As of the end of July 2022, TripActions had 2,
