TravelPerk captures $21 million to boost corporate booking tool
TravelPerk claims to have built the "world's largest bookable inventory" for businesses, using inventory from Booking.com, Expedia, Airbnb and the global distribution systems.
Travelperk, a travel booking and management platform for businesses, raised $21 million in its B round financing from Target Global and Felix Capital, with participation from previous backers Spark Capital and Sunstone.
The company has now raised a total of $30 million.
The company launched in January 2015 by Javier Suarez and Avi Meir, who was previously the creator of Hotel Ninjas, a Spanish startup which was later sold to Booking.com where Suarez was previously involved in business development.
It claims to have built the "world's largest bookable inventory" for businesses, integrating with hotels, airlines and rail companies, using inventory from Booking.com, Expedia, Airbnb and the global distribution systems.
The latest round will be used to expand the company, especially the workforce which it hopes to double to around 200 people in up to five new offices globally by 2019.
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