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SoftBank-backed TravelPerk doubles valuation to $2.7 billion, plans fintech push

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TravelPerk, a corporate travel platform, raised $200 million from investors including Atomico and EQT in a funding round valuing the firm at $2.7 billion, the company told CNBC.

The fresh financing doubles TravelPerk’s market value from January 2024, when it raised $104 million on a $1.4 billion valuation. Noteus Partners also participated in this latest investment round.

In addition to the funding round, the Barcelona-based startup revealed it acquired Yokoy, a Swiss spend management platform, a deal that will see it expand its reach into financial services and become a more unified travel and expenses platform.

As a result of the acquisition, Yokoy investor Sequoia Capital will join TravelPerk’s cap table alongside existing investors General Catalyst, Kinnevik, Softbank’s Vision Fund and Blackstone

Read more News on: CNBC

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Andrew Sabastian is a tech whiz who is obsessed with everything technology. Basically, he's a software and tech mastermind who likes to feed readers gritty tech news to keep their techie intellects nourished.
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