TravelPerk

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TravelPerk
TypePrivate
IndustryCorporate Travel Management
Founded2015
FounderAvi Meir
Javier Suarez
Ron Levin
Headquarters,
Number of employees
500
Websitewww.travelperk.com

TravelPerk is a travel management company that sells its services to businesses.[1][2][3] It provides travel and expense management services for businesses by automating spending limits and travel policies.[4][5][6] It is headquartered in London, Barcelona, Berlin and has raised $134 million in six funding rounds.[7][8][9]

History[edit]

TravelPerk was founded in 2015 by Avi Meir, Javier Suarez, and Ron Levin.[10][11] Meir previously founded Hotel Ninjas, a web-based Hotel Management Software that was acquired by Booking.com.[12] After the selling of Hotel Ninjas, Meir met Suarez while working at Booking.com.[13] At first they worked on creating a business travel management platform that included a rewards program for business travelers taking business trips and launched it in September 2015.[14] Soon after, TravelPerk received $7 million in series A funding led by Spark Capital.[15] The company dropped the awards element, but further enabled seamless travel booking with the integration of train booking service to their platform. In October 2018, the company raised a $21 million Series B round led by Target Global, Felix Capital, Spark Capital, Sunstone and Amplo.[16] In July 2019, TravelPerk finalized a two part, $104 million series C funding backed by Kinnevik, Partners of DST Global, Target Global, Felix Capital, Sunstone, and LocalGlobe.[17][18][19][20]

The company partnered with Lufthansa airlines in 2019 to provide the customers direct booking facilities.[21][22] In the same year, TravelPerk launched a new product known as FlexiPerk that gives business travelers 90% refunds on cancellations on all bookings.[23][24][25][26]

Awards[edit]

  • 2019 SaaS 1000 - Fastest Growing SaaS Companies[27][28][29]
  • 2019- NTT Data Open Innovation Contest[30][31]
  • 2017- Startup contest at Noah Berlin[32]
  • 2017- Next web best scale up[33]

References[edit]

  1. ^ Dyson, Molly (2019-05-02). "TravelPerk expands in the UK". Buying Business Travel. Retrieved 2020-01-06.
  2. ^ "TravelPerk's Smart Scaling Strategy: Business Travel News". www.businesstravelnews.com. Retrieved 2020-01-06.
  3. ^ "Barcelona-based startup TravelPerk lands $44m to fuel European expansion". UKTN (UK Tech News). 2018-10-16. Retrieved 2020-01-06.
  4. ^ "How Travelperk Builds Better Tools for European Business Travelers". Skift. 2019-05-23. Retrieved 2020-01-06.
  5. ^ "The winners of The Europas Awards 2019 display Europe's continuing diversity and ambition". techcrunch.com/.
  6. ^ Ohr, Thomas. "Barcelona-based SaaS startup TravelPerk raises €17 million to fix business travel | EU-Startups". Retrieved 2020-01-06.
  7. ^ "TravelPerk bags $60M to take on SAP Concur with its business travel platform". SiliconANGLE. 2019-07-18. Retrieved 2020-01-06.
  8. ^ Clawson, Trevor. "On the Move - Why TravelPerk Sees Barcelona As An Ideal Base For Growth". Forbes. Retrieved 2020-01-06.
  9. ^ "Inside TravelPerk: a Look at Europe's Fastest Scaling SaaS Startup • Barcelona Startup News". Barcelona Startup News. 2019-01-30. Retrieved 2020-01-06.
  10. ^ "How Travelperk Builds Better Tools for European Business Travelers". Skift. 2019-05-23. Retrieved 2020-01-06.
  11. ^ "Avi Meir, TravelPerk, The Entrepreneurs 403 - Radio". Monocle. Retrieved 2020-01-06.
  12. ^ "Taking business travel to the next level: Interview with TravelPerk co-founder and CEO Avi Meir". www.europedigitalhub.eus (in Spanish). Retrieved 2020-01-06.
  13. ^ "Hot 25 Startups 2019: TravelPerk | PhocusWire". www.phocuswire.com. Retrieved 2020-01-06.
  14. ^ Dyson, Molly (2019-09-18). "TravelPerk appoints chief product officer". Buying Business Travel. Retrieved 2020-01-06.
  15. ^ "TravelPerk continues growth spurt with $44 Million funding round: Travel Weekly". www.travelweekly.com. Retrieved 2020-01-06.
  16. ^ "TravelPerk grabs $44M to take its pain-free SaaS for business travel global". techcrunch.com/. 16 October 2018.
  17. ^ Loritz, Mary. "Barcelona-based business travel platform TravelPerk raises €53 million, bringing its Series C total to €92.5 million | EU-Startups". Retrieved 2020-01-06.
  18. ^ Pick, Adi (2019-07-24). "Travel Booking Startup TravelPerk Raises $60 Million". CTECH - www.calcalistech.com. Retrieved 2020-01-06.
  19. ^ "TravelPerk is taking business places with new funding totalling its Series C round at $104 million". Tech.eu. Retrieved 2020-01-06.
  20. ^ "TravelPerk closes a round of 53 million euro". Startups Real. 2019-07-26. Retrieved 2020-01-06.
  21. ^ "TravelPerk Partners With Lufthansa for Direct Booking". Skift. 2019-06-25. Retrieved 2020-01-06.
  22. ^ Dyson, Molly (2019-06-26). "TravelPerk and Lufthansa partner on NDC". Buying Business Travel. Retrieved 2020-01-06.
  23. ^ "Travelperk to offer 90 per cent refunds on any booking". Business Traveller. Retrieved 2020-01-06.
  24. ^ "TravelPerk Offers Nearly Full Refunds to Corporate Travelers Who Cancel". Skift. 2019-07-25. Retrieved 2020-01-06.
  25. ^ "TravelPerk's new booking cancellation tool brings flexible solution to forced or voluntary changes to travel plans – Blue Swan Daily". Retrieved 2020-01-06.
  26. ^ admin. "TravelPerk launches flexible rebates to help companies save on canceled travel - TechCrunch". Akpco Latest News. Retrieved 2020-01-06.
  27. ^ "TravelPerk named the world's fastest growing SaaS company in 2019 SaaS 1000". TravelDailyNews International. Retrieved 2020-01-06.
  28. ^ "SaaS 1000 2019". SaaS Mag. Retrieved 2020-01-06.
  29. ^ Chenery, Michelle (2019-11-12). "TravelPerk named the world's fastest growing SaaS company in 2019 SaaS 1000". ITCM - Incentive Travel & Corporate Meetings. Retrieved 2020-01-06.
  30. ^ Crisp, Johnny (2019-01-23). "Spaceboost Shines at NTT DATA's Open Innovation Contest". Spaceboost Blog. Retrieved 2020-01-06.
  31. ^ "NTT DATA presents Open Innovation Contest|NTT DATA". Global Open Innovation Business Contest|NTT DATA. Retrieved 2020-01-06.
  32. ^ "NOAH London 2019 Startup Stage". startups.noah-conference.com/.
  33. ^ "TNW2020 - Startups". TNW2020 - Startups. Retrieved 2020-01-06.