Barcelona-based TravelPerk snaps an additional €95 million to hit the gas and speed away hyper-growth
Summary
Spanish unicorn TravelPerk announced it has closed an additional €95 million investment led by SoftBank Vision Fund 2 with significant participation from existing investors, including Kinnevik and Felix Capital. With this funding infusion, TravelPerk will increase investment into its platform, enhancing the customer experience through new inventory capabilities and launching new business travel services, as well as expanding product automation through AI. Avi Meir, CEO and Co-Founder of TravelPerk, commented: “We have a clear focus: building the number 1 SaaS business travel platform for SMB and Mid-Tier companies in Europe and the US. I’m delighted that SoftBank has backed that vision, and that our existing investors continue to support our responsible and thoughtful approach to long-term growth. Compared to the pre-pandemic period, the company has achieved a ten-fold increase in volumes and rapidly innovated on product, resulting in improved customer experience and a doubling of monetisation.