Travel bookings firm TravelPerk raises $160 mln
29/04/2021 11:02
STOCKHOLM, April 29 (Reuters) - Corporate travel bookings
platform TravelPerk on Thursday said it had raised $160 million
from a group of investors led by venture firm Greyhound Capital
as it seeks to expand in the U.S. and Europe.
The Barcelona-based company, which has so far raised $294
million, did not disclose its valuation after the current
funding round.
Business and international travel have been especially hard
hit by the pandemic. However, with increased vaccinations,
industry experts are optimistic that demand will start to return
this spring and summer.
Europe is also racing https://www.reuters.com/article/us-health-coronavirus-europe-pass-analys-idCAKBN2CD1D5
to set up a digital health pass scheme to save the holiday
season.
"The events of the last year have fundamentally changed
businesses' expectations and preferences," CEO Avi Meir said.
"We are very confident in the return of business travel this
year."
Travellers can use TravelPerk's platform to compare, book
and invoice trains, cars, flights, hotels and apartments from
providers such as Kayak and Airbnb.
Investors in the company include DST, Kinnevik KINVb.ST ,
Target Global, Felix Capital, Spark Capital, and LocalGlobe.
(Reporting by Supantha Mukherjee, European Technology &
Telecoms Correspondent, based in Stockholm; editing by Jason
Neely)
((supantha.mukherjee@thomsonreuters.com; +46 70 721 1004;
Reuters Messaging:
supantha.mukherjee.thomsonreuters.com@reuters.net))