TravelPerk Secures $105M Funding for Revolutionary Business Travel Management Solution

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TravelPerk, a business travel management platform targeted at SMEs, has raised $105 million in a fresh equity-based round of financing led by SoftBank’s Vision Fund 2. “In today’s climate, where startup funding is down by half and valuations are down across the board, this is a healthy and sober valuation,” Meir told TechCrunch. Well-traveledFounded in 2015, Barcelona-based TravelPerk sells an all-in-one platform for companies to book, manage, and report all their domestic and international travel. Customers can also extend the platform through integrations with expense management systems like Spendesk and HR software such as HiBob. “[An] IPO has never been an objective per se for TravelPerk,” Meir said.