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TravelPerk Raises $200M and Acquires Yokoy to Create Integrated Travel and Expense Management Platform

Jan 28, 2025•over 1 year ago

Contract Type

partnership

BarcelonaInformation Technology

Description

TravelPerk has raised $200m in a Series E financing, bringing the company's valuation to $2.7 billion. They have acquired Yokoy, a leading spend management platform, to offer a more unified travel and expense offering to clients, while expanding their addressable opportunity. The funding will be used to accelerate TravelPerk's expansion into the US market and make significant investments in product and AI.

Company Information

Company

TravelPerk

Location

Barcelona, Catalonia, Spain

About

TravelPerk is a smarter, simpler way for companies to manage travel and expenses, combining the best travel inventory, intuitive management tools, 24/7 support, and an easy-to-use platform. Designed to give travelers more freedom while keeping businesses in control, TravelPerk helps reduce costs, save time, and boost productivity. Backed by leading investors including SoftBank, General Catalyst, and Atomico Capital, the company is redefining travel and expense management for organizations worldwide.

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