TravelPerk

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]

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

History

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

  • 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

  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/.{{cite web}}: CS1 maint: url-status (link)
  6. Ohr, Thomas (11 April 2018). "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.{{cite web}}: CS1 maint: url-status (link)
  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/.{{cite web}}: CS1 maint: url-status (link)
  33. "TNW2020 - Startups". TNW2020 - Startups. Retrieved 2020-01-06.
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