Barcelona’s global travel management platform, TravelPerk, has secured an additional 101 million euros reaching a valuation of 1.1 billion euros, becoming the latest Spanish unicorn.
The new funding was supported by the new investor General Catalyst and the existing investor Kinnevik. Gillian Tans, former chairman and CEO of Booking.com, who invested personally in this round, is also on the board along with Joel Cutler, an early investor of Stripe, Airbnb and Kayak.
TravelPerk was founded in 2015 and is an innovative new generation all-in-one business travel platform that offers travelers the freedom they desire while giving companies the oversight and control they need. The Startup also recently released TravelPerk Events in November 2021, a revolutionary tool that helps distributed teams meet face-to-face.
This new funding marks a dynamic start for 2022 and the Spanish Startup system, as well as for the travel industry as a whole, which has been in a rather difficult position for the past two years due to coronavirus. But Avi Meir its founder said he was optimistic about the future of the travel industry, despite the pandemic.
TravelPerk has been growing since it was launched, increasing its annual revenue 4 times since 2019, as well as doubling its customer acquisition rate in the same time period.
Barcelona-based company redefines how SMEs and travellers travel by introducing solutions to make their travel safer, more flexible and more sustainable in this era – all around the core mission of connecting people to real life.
TravelPerk also pursued a rigorous zero-departure strategy during the pandemic, allowing it to continue to invest and improve its products and technology at a time of widespread concern for the industry, while continuing to develop its supply of new products that will advance in 2022.