TravelPerk Will Wade Even Further Into U.S. Territory With $160 Million Funding Boost


Skift Take

TripActions now has a serious contender on its hands, and the new investors in Spanish startup TravelPerk clearly think there's enough room to make some money.

TravelPerk's latest funding round means comparisons will, inevitably, now be made with TripActions; both similarly tech-focused and propped up, financially speaking. Barcelona-based travel management platform TravelPerk has just raised $160 million, which almost doubles its previous rounds combined. Meanwhile, Silicon Valley's TripActions secured $155 million in January. However, TravelPerk's chief commercial officer sees opposite paths emerging, even as the gap widens between the pair and other platforms.

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"Now, pretty clearly, there's a big difference between us two and the rest of the business travel management market," claimed Jean-Christophe Taunay-Bucalo. "There is honestly no debate that TripActions and us are in another category compared with the rest." Where Will the Money Go? Both companies do appear to have different intents. TravelPerk, for one, is coming to America. A "very significant