TravelPerk wins new funding for consumer-like business travel site: Reuters
Summary
The fresh round of funding will allow the company to triple the size of its engineering team and set up shop in London and Berlin, with further offices in Amsterdam and Paris to follow, Co-Founder and Chief Executive Avi Meir told Reuters.On Tuesday, the company said it had raised the funding from Swedish investment firm Kinnevik, joined by Silicon Valley investors Yuri Milner and Tom Stafford.TravelPerk aims to treat business travellers like consumers, promising them the widest selection of flights without inflated prices or fees, while also giving firms more modern ways to control expenses in a $1.3 trillion industry.It has garnered a travel-agent licence and built its own global computerised reservation network used for booking airline seats, hotel rooms and rental cars.Find new deal opportunities, super-charge your fundraising efforts and track top managers with VCJ .