Travelperk Adds $115M To Equity And Debt Series D, Discloses Unicorn Valuation
01/12/22, 11:06 AM
Location
barcelona
Money raised
$115 million
Round Type
series d
SME-focused business travel booking platform, TravelPerk, has topped up the $160 million in equity and debt it raised last in a Series D last April with an additional $115M — closing out the round at $275M.
Company Info
Location
barcelona, catalonia, spain
Additional Info
The company declined to disclose a valuation when it took in the earlier slice of equity and debt last year so the Barcelona-based startup is sounding more confident going into 2022 vs Spring 2021. I’m honored to be joining as an investor and the Board of Directors at TravelPerk and to help the company reach a global leadership position.”General Catalyst MD Joel Cutler added in another supporting statement: “Hybrid and remote working is undoubtedly here to stay but a Zoom call will never be able to replicate the benefits of in-person, face-to-face interaction. “While some technologies are focused on virtual interactions, TravelPerk is building the technology that will help us get together in real life.”The startup is also ploughing money into developing what it bills as “sustainable” travel solutions. SME-focused business travel booking platform, TravelPerk, has topped up the $160 million in equity and debt it raised last in a Series D last April with an additional $115M — closing out the round at $275M.TravelPerk said its business is now being valued at $1.3BN — meaning it’s achieved coveted ‘unicorn’ status. TravelPerk said the Series D will be used to double down on product development — with a focus on building tools for an era of hybrid working. Since 2019 (so pre-pandemic), TravelPerk said its business has grown 4x in terms of annualised revenue.