TravelPerk

TravelPerk was founded in 2015 by Avi Meir (founder of Hotel Ninjas, acquired by Booking.com), Javier Suarez, and Ron Levin.{{Cite web|url=https://skift.com/2019/05/23/how-travelperk-builds-better-tools-for-european-business-travelers/|title=How Travelperk Builds Better Tools for European Business Travelers |date=23 May 2019 }} {{Cite web|url=https://www.eu-startups.com/2020/06/business-travel-is-on-the-rise-weve-just-experienced-a-delay-interview-with-travelperks-co-founder-and-ceo-avi-meir/|title="Business travel is on the rise - we've just experienced a delay": Interview with TravelPerk's co-founder and CEO Avi Meir |date=11 June 2020 }} Their aim was to create an all-in-one platform that’s aimed at making business travel management easier and keeping travelers happy.

Shortly after being founded, TravelPerk received a $7 million series A round led by Spark Capital.{{Cite web|url=https://www.travelweekly.com/Travel-News/Corporate-Travel/TravelPerk-continues-growth-spurt-44-Million-funding-round|title=TravelPerk continues growth spurt with $44 Million funding round }} In October 2018, the company raised a $21 million Series B round led by Target Global, Felix Capital, Spark Capital, Sunstone, and Amplo.{{Cite web|url=https://techcrunch.com/2018/10/15/travelperk-grabs-44m-to-take-its-pain-free-saas-for-business-travel-global/|title=TravelPerk grabs $44M to take its pain-free SaaS for business travel global |date=15 October 2018 }} In July 2019, the company finalized a two-part, $104 million series C funding backed by Kinnevik, Partners of DST Global, Target Global, Felix Capital, Sunstone, and LocalGlobe.{{Cite web|url=https://www.eu-startups.com/2019/07/barcelona-based-business-travel-platform-travelperk-raises-e53-million-bringing-its-series-c-total-to-e92-5-million/|title=Barcelona-based business travel platform TravelPerk raises €53 million, bringing its Series C total to €92.5 million |date=18 July 2019 }}{{Cite web|url=https://www.calcalistech.com/ctech/articles/0,7340,L-3766998,00.html|title=Travel Booking Startup TravelPerk Raises $60 Million |date=24 July 2019 }}{{Cite web|url=https://tech.eu/2019/07/18/travelperk-is-taking-business-places-with-new-funding-at-104-million|title=TravelPerk is taking business places with new funding totalling its Series C round at $104 million |date=18 July 2019 }}{{Cite web|url=https://startupsreal.com/travelperk-closes-a-round-of-53-million-euro/|title=TravelPerk closes a round of 53 million euro |date=26 July 2019}}

In 2020, due to constant changes in travel regulations and health/safety guidelines as a result of the pandemic, TravelPerk acquired Albatross API,{{Cite web|url=https://www.phocuswire.com/Travelperk-acquires-Albatross|title=TravelPerk acquires Albatross to boost risk-management capability }}{{Cite web|url=https://tech.eu/2020/07/09/travelperk-acquires-albatross/|title=Barcelona's TravelPerk buys Albatross, an API for virus-related travel restrictions, to expand risk management offering |date=9 July 2020 }} a software company that developed TravelSafe API,{{Cite web|url=https://techcrunch.com/2020/10/26/travelperk-launches-an-api-for-covid-19-restrictions/|title=TravelPerk launches an API for COVID-19 restrictions |date=26 October 2020 }} providing real-time health and safety information to travelers. In the same year, the company also launched an online marketplace,{{Cite web|url=https://www.phocuswire.com/travelperk-api-marketplace|title=TravelPerk creates marketplace to offer additional services to corporate travelers }} where its customers can integrate partner products and services into their own platforms and workflows.

In 2021, TravelPerk acquired NexTravel{{Cite web|url=https://sifted.eu/articles/travelperk-acquires-nextravel/|title=Is business travel back? TravelPerk acquires US rival NexTravel |date=13 January 2021 }}{{Cite web|url=https://www.businesstravelnews.com/Procurement/TravelPerk-Acquires-NexTravel-to-Grow-US-Footprint#:~:text=In%20a%20move%20that%20significantly,with%20NexTravel%27s%20technology%20platform%20and| title=TravelPerk Acquires NexTravel to Grow U.S. Footprint | date=13 January 2021 }}{{Cite web|url=https://techcrunch.com/2021/01/13/business-trip-platform-travelperk-buys-yc-backed-rival-nextravel/|title=Business trip platform TravelPerk buys YC-backed rival NexTravel |date=13 January 2021 }} (Silicon Valley), one of the biggest business travel platforms in the US, ClickTravel{{Cite web|url=https://techcrunch.com/2021/07/06/travelperk-buys-uk-based-click-travel-in-latest-pandemic-purchase/|title=TravelPerk buys UK-based Click Travel in latest pandemic purchase |date=6 July 2021 }}{{Cite web|url=https://www.businesstravelnewseurope.com/Management/TravelPerk-acquires-Click-Travel|title=TravelPerk acquires Click Travel |date=6 July 2021 }}{{Cite web|url=https://www.phocuswire.com/TravelPerk-acquires-Click-Travel|title=TravelPerk continues corporate travel roll-up with acquisition of Click Travel }} (Birmingham), the leader in domestic business travel in the UK, and Susterra{{Cite web|url=https://www.phocuswire.com/Travelperk-acquires-Susterra|title=TravelPerk acquires eco-friendly travel consultancy Susterra }}{{Cite web|url=https://tech.eu/2021/09/30/barcelonas-travelperk-makes-another-acquisition-travel-sustainability-consultancy-firm-susterra/|title=Barcelona's TravelPerk makes another acquisition: Travel sustainability consultancy firm Susterra |date=30 September 2021 }}{{Cite web|url=https://www.businesstravelnewseurope.com/Management/TravelPerk-makes-another-acquisition|title=TravelPerk makes another acquisition |date=30 September 2021 }} (London), a corporate responsibility consultancy to propel TravelPerk’s sustainable travel to the next level. In the same year, the company raised $160 million in series D funding,{{Cite web|url=https://www.businessinsider.com/travelperk-pitch-deck-160-million-funding-2021-4?r=US&IR=T| title=We got an exclusive look at the pitch deck business travel startup TravelPerk used to raise $160 million | website=Business Insider }} and in 2022, it raised an additional $115 million series D second round, unlocking unicorn status with a valuation of over $1 billion.{{Cite news|url=https://www.bloomberg.com/news/articles/2022-01-12/travelperk-hits-1-3-billion-valuation-as-business-trips-rebound|title=TravelPerk Hits $1.3 Billion Valuation as Business Trips Rebound |newspaper=Bloomberg |date=12 January 2022 }}

In 2024, TravelPerk announced they had agreed to acquire a US-based competitor, AmTrav, and raised $135 million in debt financing from firms Blackstone and Blue Owl.{{cite news |last=Browne |first=Ryan |date=2024-06-18 |title=SoftBank-backed travel tech firm TravelPerk acquires U.S. rival and bags $135 million for expansion |url=https://www.cnbc.com/2024/06/18/travelperk-acquires-us-rival-amtrav-bags-135-million-for-expansion.html |work=CNBC |location= |access-date=2024-09-02}} Less than six months later, Travelperk announced the acquisition of Swiss expense software company, Yokoy, and an additional series E fundraise of $200M at a $2.7B valuation.{{cite news |last=Baker |first=Michael |date=2025-01-25 |title=TravelPerk Acquires Expense Platform Yokoy, Raises $200M in Funding |url=https://www.businesstravelnews.com/Procurement/TravelPerk-Acquires-Expense-Platform-Yokoy-Raises-200M-in-Funding |work= |location= |publisher=Business Travel News |access-date=2025-01-30}}{{Cite web |last=Macaulay |first=Thomas |date=2025-01-28 |title=TravelPerk raises $200M, buys leading expenses platform Yokoy |url=https://thenextweb.com/news/travelperk-raises-200m-buys-expenses-startup-yokoy |access-date=2025-04-01 |website=TNW {{!}} Ecosystems |language=en}}

In March 2025, TravelPerk announced a corporate rebrand to mark its 10th anniversary. The rebranding introduced a new logo and visual identity, reflecting the evolving nature of business travel—where, how, and why people travel for work. According to the company, the updated branding is intended to align more closely with its mission to make business travel more flexible, purposeful, and people-centric.{{Cite web |date=2025-03-31 |title=TravelPerk unveils bold rebrand |url=https://euroweeklynews.com/2025/03/31/travelperk-unveils-bold-rebrand-after-200m-funding/ |access-date=2025-04-01 |website=Euro Weekly News |language=en-GB}}{{Cite web |last=Reeder |first=Jo |date=2025-04-01 |title=TravelPerk unveils new brand identity to mark 10th anniversary |url=https://thebusinesstravelmag.com/travelperk-unveils-new-brand-identity-to-mark-10th-anniversary/ |access-date=2025-04-01 |website=The Business Travel Magazine |language=en-US}}

TravelPerk partners with a wide range of businesses (Divvy,{{Cite web|url=https://www.businesstravelnews.com/Technology/TravelPerk-Partners-to-Offer-to-Divvy-Clients-Travel-Services|title=TravelPerk Partners to Offer to Divvy Clients Travel Services |date=29 June 2021 }}{{Cite press release|url=https://www.prnewswire.com/news-releases/travelperk-partners-with-divvy-to-bring-best-in-class-travel-and-expense-experience-to-us-business-travelers-301321862.html|title=TravelPerk partners with Divvy to bring best in class travel and expense experience to U.S. Business travelers }} BambooHR,{{Cite web|url=https://www.bamboohr.com/integrations/listings/travelperk|title=TravelPerk - BambooHR Marketplace | Your Favorite Integrated HR Apps }} Spendesk,{{Cite web|url=https://www.spendesk.com/en-eu/blog/optimize-travel-spending/|title=How modern CFOs easily optimize travel spending|access-date=2022-11-25|archive-date=2022-11-25|archive-url=https://web.archive.org/web/20221125161156/https://www.spendesk.com/en-eu/blog/optimize-travel-spending/|url-status=dead}} Ramp,{{Cite web|url=https://ramp.com/integrations/travelperk|title=Ramp TravelPerk Integration - TravelPerk Integrations with Ramp | Ramp }} Pleo{{Cite web|url=https://blog.pleo.io/en/pleo--travelperk|title=Pleo + TravelPerk = the smoothest business travel there is (Probably)|access-date=2022-11-25|archive-date=2022-11-25|archive-url=https://web.archive.org/web/20221125161157/https://blog.pleo.io/en/pleo--travelperk|url-status=dead}} and more) that span a variety of industries (HR, expense management, event management, health and wellness, sustainability, etc.).

• Navan
• SAP Concur
• Serko
• Snowfall

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