SAP’s Concur says it continued to invest in travel tech startups
SAP closed on its $8.3 billion acquisition of Concur Technologies last week, and Concur officials are trying to get the word out that the travel and expense company won’t abandon some of its key initiatives.
In fact, Tim MacDonald, Concur’s executive vice president of platform and data services, told Skift a day after the acquisition closed that Concur completed some “add-on financing” in several of its Perfect Trip Fund investments in the last couple of weeks.
Over the past couple of years, Concur has invested in about a dozen travel-tech companies, including Cleartrip, Curb, EVA, Nor1, Room77, StaynTouch, Table 8, Trover, Visage, Yapta and Buuteeq, in an effort to support companies that it believes are making the goal of a perfect trip ever more achievable.
MacDonald declined to publicize which companies Concur replenished with additional funding this month.