Kinnevik leads $44m series-C for TravelPerk

Private investors Yuri Milner and Tom Stafford, and previous backers Felix Capital, Target Global, Spark Capital, LocalGlobe, Sunstone Capital and Amplo also took part in the funding, which brings the total capital raised by the company to nearly $75m.

TravelPerk intends to use the fresh capital to expand into new markets, enlarge its client base and extend its technology offering. In addition, the company plans to further scale up its team and open new offices in London and subsequently in Germany and France by the end of this year.

Previous funding
Spark Capital led a $7m series-A for TravelPerk in June 2016. Subsequently, VC firms Felix and Target led a $21m series-B funding round for the company in April 2018. Previous backers Spark and Sunstone also took part in the investment alongside VC firm Amplo. Felix deployed capital from its latest fund, Felix Capital Fund II, a $150m vehicle that hit its hard-cap in July 2017.

Company
Founded in 2015 and based in Barcelona, TravelPerk offers a digital booking platform for arranging and managing business travel. The company employs 150 staff and has around 1,500 clients including Typeform, TransferWise, Outfittery, GoCardless, Globo, GetYourGuide, Hotjar and CityJet.

People
Kinnevik – Chris Bischoff (senior investment director).
TravelPerk – Avi Meir (co-founder, CEO).

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• Topics
• Expansion
• Southern Europe
• Consumer
• Technology
• Spain
• Venture
• Sweden
• Felix Capital
• SPARK Ventures
• Sunstone Capital A/S