TravelPerk's latest funding round values the company at $2.7 billion, almost double its previous valuation of $1.4 billion. The investment will drive product development and expansion into the US market. The company also announced its acquisition of expense management leader Yokoy to enhance its offerings. This follows a rebound in global tourism and increased investments in travel tech startups, providing optimism for the travel industry. TravelPerk is also an alumnus of TNW's TECH5 competition, highlighting its growth in the tech community across Europe.
Customers don't have to compromise anymore," said JC Taunay-Bucalo, TravelPerk's president and COO. "Now, they can have the best travel management product built on the world's largest inventory, and the expense management product that works best for their business, combined for the best-integrated experience there is.
Our move into the market is not about just setting up a satellite sales office in a new location - we see Amsterdam as a crucial hub for growing our European operations," Lars Mangelsdorf, the company's co-founder and chief customer officer, said at the time.
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