Barcelona-based TravelPerk, a travel management platform, has raised $160M (approx €131.9M) in its Series D equity and debt round funding. The company has now raised a total of $294M (approx €M) in funding to date.
The round was led by Greyhound Capital, with participation from existing investors. The company is backed by investors like Kinnevik, Target Global, Felix Capital, Spark Capital, Heartcore, LocalGlobe, Amplo, and 14W.
Utilisation of funds
The raised capital will enable TravelPerk to focus on its growth in the US and Europe and on product innovations designed for the changing needs of travellers and SMEs post-pandemic.
Speaking on the development, Avi Meir, CEO & co-founder of TravelPerk, says, “There will always be a need for business travel. But the events of the last year have fundamentally changed businesses’ expectations and preferences.”
He further adds, “Over the last 12 months, we’ve been constantly innovating to address the changing needs for travellers…