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

Jan 28, 2025

Contract Type

partnership

BarcelonaOtherInformation TechnologyTourism And Travel Services

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.

Quick answer

TravelPerk Raises $200M and Acquires Yokoy to Create Integrated Travel and Expense Management Platform (January 28, 2025). TravelPerk is based in Barcelona, Catalonia, Spain.

What agreement did TravelPerk announce on January 28, 2025?
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.
What does TravelPerk do?
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.
Where is TravelPerk based?
TravelPerk is based in Barcelona, Catalonia, Spain.

Source: Fundz verified event record.

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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Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies

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