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Business travel management platform TravelPerk raises $104M
TravelPerk, a travel management platform targeted at SMEs, has raised $105 million in an equity-based round of financing led by SoftBank.
TravelPerk, a business travel management platform targeted at SMEs, has raised $105 million in a fresh equity-based round of financing led by SoftBank’s Vision Fund 2. “It’s far from being spent — we have a significant cash position to provide flexibility for additional investment opportunities, and we were already fully funded to break even prior to this round,” Meir said. In an interview with TechCrunch, SoftBank investor Stephen Thorne — who now gains a seat on TravelPerk’s board of directors — said that there were a multitude of reasons they decided to lead on this round.
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