EQT Co-Leads TravelPerk's $200M Series E, Valuing Company at $2.7B
- Editor
- Jan 28
- 2 min read
What's Happening: EQT Growth has co-led a $200 million Series E funding round for TravelPerk, an all-in-one SaaS business travel platform. The investment, also led by Atomico, values TravelPerk at $2.7 billion. The round included participation from new investors Noteus Partners and Sequoia Capital, as well as existing investors like General Catalyst, Kinnevik, Softbank Vision Fund, and Blackstone.
The Key Moves:
TravelPerk has acquired Yokoy, a leading spend management platform, to create an integrated Travel and Expense Management platform.
The new funding will be used to accelerate growth, with continued expansion into the US market and significant investments into product, technology and AI.
Carolina Brochado, Partner at EQT Growth, will join the TravelPerk Board.
By The Numbers :
TravelPerk's valuation has reached $2.7 billion with this funding round.
The company has recorded 50 percent annual growth over the last two years.
TravelPerk reached EBITDA break-even at the end of 2024.
Key Quotes:
Carolina Brochado, Partner at EQT Growth: "TravelPerk is a clear digital-native leader in the multi-hundred-billion corporate travel market. Most small and mid-market businesses remain unmanaged and underserved in this space."
JC Taunay-Bucalo, TravelPerk President and COO: "Customers don't have to compromise anymore. Now, they can have a leading travel management product built on the world's largest inventory, combined with an expense management product that works for their business."
Avi Meir, TravelPerk CEO and Co-Founder: "Our focus has never been stronger as we expand across core markets, accelerate growth in the US, and now work to become the number one travel and expense management platform."
The Bottom Line: TravelPerk's successful Series E funding round and acquisition of Yokoy position the company for significant growth in the business travel management sector. With a focus on integrating travel and expense management, expanding into the US market, and leveraging AI technology, TravelPerk aims to become a leader in providing comprehensive solutions for small and medium-sized businesses.
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