Business travel platform TripActions is aggressively expanding in Europe, bolstered by a minority investment from - and strategic partnership with - Lufthansa Group’s Lufthansa Innovation Hub.
The parties would not disclose the financial terms of the investment, but TripActions closed its Series D round with more than $250 million raised at a valuation of $4 billion. To date, TripActions has raised more than $480 million.
TripActions and Lufthansa Group have been working together for several months, and in November announced that inventory from Lufthansa Group airlines (Lufthansa, Austrian Airlines, Swiss and Brussels Airlines) had been added to TripActions’ NDC marketplace.
The company expects to double its staff in EMEA by the end of this year, to more than 250 people.
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