TripActions Raises $250 Million in Series D Funding Led by Andreessen Horowitz to Solve Antiquated Product, Service and Experience of the Corporate Travel Management Industry
Summary
Building on its 5x year over year growth, TripActions will use the funds to solve the antiquated product, service and experience of the corporate travel management industry to bring the best experience in business travel to more enterprises globally. “We’re proud to have TripActions—a platform loved by enterprises and their employees alike—as a cornerstone investment in our new late stage venture fund,” said David George, general partner, a16z. “With its combination of the most advanced global infrastructure and unmatched customer support, it’s no wonder TripActions has achieved hyper growth while maintaining a remarkable 93% traveler satisfaction. Thanks to our investors, partners and suppliers who believed in our vision; our employees who passionately put the user first in everything they’ve done; and most importantly our customers who have trusted us with their travel programs; TripActions is fast becoming the default for business travel.” “As founders, we wanted to create a company where we’d both be happy, excited and proud to work, with a mission-driven culture focused on the user—all of them, all the time,” said Ilan Twig, co-founder & CTO, TripActions. “We believed we could change the industry by building an end-to-end business travel platform that was the best in the world, underpinned by the best product, service and experience.
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