Greyhound leads $160m series-D for TravelPerk

The round, which includes both equity and debt, saw participation from several previous investors, alongside Greyhound.

This injection brings the total capital raised by TravelPerk to date to around $294m.

The company plans to use the fresh financing to accelerate its product innovation, further expand across Europe and the US, and scale up its team.

Previous funding
Following an initial $1.5m seed round, TravelPerk raised $7m in a series-A round led by Spark Capital in June 2016.

Subsequently, VC firms Felix Capital and Target Global led a $21m series-B funding round for the company in April 2018. Spark, Sunstone Capital and Amplo also took part in the investment.

Swedish VC firm Kinnevik led a $44m series-C funding round for TravelPerk in October 2018. Felix, Target Global, Spark, LocalGlobe, Sunstone and Amplo also took part in the funding, alongside private investors Yuri Milner and Tom Stafford.

More recently, a consortium of backers injected an additional $60m into the company as an extension of its series-C round in June 2019. The consortium included previous backers Kinnevik, Target Global, Felix, Sunstone and LocalGlobe.

Company
Founded in 2015, TravelPerk offers a digital booking platform for arranging and managing business travel, as well as 24/7 customer support and flexible booking options.

The company is headquartered in Barcelona, with further offices in London and Berlin.

TravelPerk employs 500 staff and has around 1,500 clients, including Typeform, TransferWise, Outfittery, GoCardless, Globo, GetYourGuide, Hotjar and CityJet.

People
TravelPerk – Avi Meir (co-founder, CEO).
Greyhound Capital – Pogos Saiadian (partner).

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