VCs inject $60m into extended series-C for TravelPerk

The series-C extension was raised from the same investors that participated in the first part of the round, announced in October 2018. At the time, Swedish venture capital firm Kinnevik led a $44m series-C funding round that saw participation from Partners of DST Global, Target Global, Felix Capital, Sunstone and LocalGlobe. 

The investment will be used to further accelerate the company's product innovation (it expects to announce major product additions in the coming weeks and months). The fresh capital will also support the business in its European expansion.

In 2019, the business saw a 300% increase in turnover, and opened offices in London and Berlin, according to a statement.

TravelPerk has now raised nearly $134m in total funding.

Company
Founded in 2015 and based in Barcelona, TravelPerk offers a digital booking platform for arranging and managing business travel. It allows travellers to compare, book and invoice trains, cars, flights, hotels and apartments from a range of providers, including Kayak, Skyscanner, Expedia, Booking.com and Airbnb. Some of the company's clients include Transferwise, GetYourGuide, Adyen, Glovo, Bowers & Wilkins and Farfetch.

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

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• Topics
• Expansion
• Southern Europe
• Technology
• Spain
• Felix Capital
• Kinnevik