TravelPerk is a travel-management company that provides companies with a variety of travel- and expense-management services. The company is headquartered in

Barcelona Barcelona ( ; ; ) is a city on the northeastern coast of Spain. It is the capital and largest city of the autonomous community of Catalonia, as well as the second-most populous municipality of Spain. With a population of 1.6 million within c ...

, with business hubs in

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Chicago Chicago is the List of municipalities in Illinois, most populous city in the U.S. state of Illinois and in the Midwestern United States. With a population of 2,746,388, as of the 2020 United States census, 2020 census, it is the List of Unite ...

Boston Boston is the capital and most populous city in the Commonwealth (U.S. state), Commonwealth of Massachusetts in the United States. The city serves as the cultural and Financial centre, financial center of New England, a region of the Northeas ...

, and

Miami Miami is a East Coast of the United States, coastal city in the U.S. state of Florida and the county seat of Miami-Dade County, Florida, Miami-Dade County in South Florida. It is the core of the Miami metropolitan area, which, with a populat ...

. The company raised $409 million at the end of its

Series D A venture round is a type of funding round used for venture capital financing, by which startup company, startup companies obtain investment, generally from venture capitalists and other institutional investors. The availability of venture fundi ...

funding round in 2022, achieving

unicorn The unicorn is a legendary creature that has been described since Classical antiquity, antiquity as a beast with a single large, pointed, spiraling horn (anatomy), horn projecting from its forehead. In European literature and art, the unico ...

status and a valuation of over $1 billion.

History

TravelPerk was founded in 2015 by Avi Meir (founder of Hotel Ninjas, acquired by

Booking.com Booking.com is one of the largest online travel agencies. It is headquartered in Amsterdam, and is a subsidiary of Booking Holdings. Booking.com provides lodging reservation services for approximately 3.4 million properties, including 475,000 ...

), Javier Suarez, and Ron Levin. 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 Spark Capital Partners, LLC is a multi-stage venture capital firm based in the U.S. with operations in San Francisco, New York, and Boston. Spark is a generalist VC firm with a portfolio that spans verticals such as consumer internet, enterpris ...

. In October 2018, the company raised a $21 million Series B round led by Target Global, Felix Capital, Spark Capital, Sunstone, and Amplo. 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. In 2020, due to constant changes in travel regulations and health/safety guidelines as a result of the pandemic, TravelPerk acquired Albatross API, a software company that developed TravelSafe API, providing real-time health and safety information to travelers. In the same year, the company also launched an online marketplace, where its customers can integrate partner products and services into their own platforms and workflows. In 2021, TravelPerk acquired NexTravel (Silicon Valley), one of the biggest business travel platforms in the US, ClickTravel (Birmingham), the leader in domestic business travel in the UK, and Susterra (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, and in 2022, it raised an additional $115 million series D second round, unlocking unicorn status with a valuation of over $1 billion. 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. 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. 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.

Partnerships & Marketplace

TravelPerk partners with a wide range of businesses (

Divvy Divvy is the bicycle sharing system in the Chicago metropolitan area, currently serving the cities of Chicago and Evanston. The system is owned by the Chicago Department of Transportation and has been operated by Lyft since 2019. As of May 2023, ...

, BambooHR, Spendesk, Ramp, Pleo and more) that span a variety of industries (HR, expense management, event management, health and wellness, sustainability, etc.).

References

Business travel Companies based in Barcelona Spanish companies established in 2015 {{morecat, date=November 2022 Information technology companies of Spain Software companies in Barcelona

History

Partnerships & Marketplace

See also

References