TravelPerk company profile: valuation, funding & revenue

This TravelPerk company profile covers the company's valuation, revenue, funding rounds, investors and history. TravelPerk works in software, with a focus on business travel and expense management. It was founded in 2015 and is headquartered in Barcelona, Catalonia, Spain. Its latest valuation on record is US$2.7 billion (January 2025). Every figure links to a public source, and anything the company hasn't disclosed is marked as such.

Revenue

Funding history

TravelPerk timeline

Key dates from the sources on this page, oldest first. Metric snapshots are listed after the funding events.

• 2015 — TravelPerk is founded in Barcelona by Avi Meir (CEO) and Javier Suarez.
• Jan 2024 — Series D: US$104M, valuing the company at US$1.4B.
• Jan 2025 — Series E: US$200M, valuing the company at US$2.7B. Investors: Atomico and EQT Growth (leads); Noteus Partners, Sequoia Capital, General Catalyst, SoftBank Vision Fund.
• January 2025 — Bookings: More than US$2.5 billion in annual bookings and EBITDA breakeven by the end of 2024 (as reported).

Investors

Overview

TravelPerk provides software for companies to book, manage and pay for business travel. Employees can book flights, hotels, trains and cars within company policies, managers approve trips, and finance teams get consolidated invoices and spending data. The platform also offers 24/7 traveller support, duty-of-care tools to locate employees during emergencies, and carbon offsetting. With its acquisition of Swiss company Yokoy in 2025, it added expense management, aiming to cover the full cycle of business spending. In January 2025 it raised a US$200 million Series E at a US$2.7 billion valuation, nearly double its valuation a year earlier.

Avi Meir, the CEO, and Javier Suarez founded TravelPerk in Barcelona in 2015. Meir, an Israeli entrepreneur, had experienced the frustrations of corporate travel tools first-hand. The company has grown into one of Spain's most valuable startups, with major operations in Europe and the United States.

Products

• Travel booking: a large inventory of flights, hotels, trains and cars, with policy controls.
• Approvals and policies: automated approval flows and spending rules.
• Traveller support: round-the-clock help for changes and disruptions.
• Duty of care: tools to track travellers and communicate during emergencies.
• Expense management: receipt capture, cards and reconciliation through Yokoy.
• Sustainability: carbon tracking and offsetting options.

Funding

TravelPerk raised funding from investors including Kinnevik, Sequoia Capital, General Catalyst and SoftBank Vision Fund. A US$104 million round in January 2024 valued it at US$1.4 billion. In January 2025 it closed a US$200 million Series E led by Atomico and EQT Growth, with Noteus Partners and Sequoia participating and existing investors including General Catalyst and SoftBank, at a US$2.7 billion valuation. The raise came alongside the acquisition of Yokoy, which TechCrunch reported was a nine-figure deal, following the 2024 acquisition of US travel management company AmTrav.

Business model

TravelPerk earns revenue from booking fees, subscription plans for companies, commissions from travel suppliers, and fees for expense management and other services. Revenue grows with corporate travel volumes. Skift reported that TravelPerk exceeded US$2.5 billion in annual bookings and reached EBITDA breakeven by the end of 2024.

Competition

TravelPerk competes with Navan (formerly TripActions), which went public in 2025; with traditional travel management companies such as American Express Global Business Travel and CWT; with SAP Concur in travel and expense; and with expense and spend platforms such as Pleo, Ramp and Brex. Its strengths include a modern booking experience and a strong position with mid-sized European companies, now expanding in the US.

TravelPerk at a glance

TravelPerk is a Barcelona business travel and expense platform founded in 2015 by Avi Meir and Javier Suarez. It helps companies book, manage and pay for travel and expenses. It raised a US$200 million Series E led by Atomico and EQT Growth in January 2025 at a US$2.7 billion valuation and acquired Yokoy, after acquiring AmTrav in 2024.

Timeline

• 2015: founded in Barcelona.
• 2020: business travel collapses during the pandemic; company cuts costs and adds flexible booking features.
• 2022: travel rebounds; becomes a unicorn.
• 2024: raises US$104 million at US$1.4 billion; acquires AmTrav.
• January 2025: raises US$200 million at US$2.7 billion; acquires Yokoy.

Surviving the pandemic

When the pandemic halted business travel in 2020, travel booking companies saw revenue collapse almost overnight. TravelPerk cut costs, introduced a flexible booking product that let customers cancel and get refunds, and focused on surviving until travel returned. When business travel rebounded, companies that had survived with strong products and balance sheets gained market share. TravelPerk's subsequent growth and rising valuations show how it emerged from that period.

Combining travel and expense

Business travel is one of the largest areas of company spending after salaries, and it generates many expenses: meals, taxis and incidentals. Companies traditionally used one system to book travel and another to process expenses, causing duplicated work. Combining travel booking with expense management in one platform gives finance teams a complete view of spending and makes life easier for employees. TravelPerk's acquisition of Yokoy reflects that strategy.

Who funds TravelPerk

TravelPerk's investors include European growth firms Atomico and EQT Growth, which led its Series E, along with Sequoia Capital, General Catalyst, SoftBank Vision Fund, Kinnevik and Noteus Partners.

Who uses TravelPerk

TravelPerk's customers are mainly small and mid-sized companies and larger enterprises in Europe and the US whose employees travel for work.

Valuation context

TravelPerk's valuation nearly doubled in a year, supported by growth, acquisitions and reported profitability. Navan's public listing provides a benchmark. Our guide to the largest European startups compares it with peers.

Risks

• Travel cycles: economic slowdowns and disruptions reduce travel spending.
• Competition: Navan, Amex GBT and spend platforms compete for customers.
• Integration: acquisitions must be combined smoothly.

Questions for buyers

• How does pricing work for bookings and subscriptions?
• What inventory and negotiated rates are available?
• How do travel and expense data integrate with your accounting system?

How a company uses TravelPerk

An employee needing to visit a client in another city searches TravelPerk for flights and hotels, seeing options that comply with company policy highlighted. If the trip exceeds policy limits, the platform requests manager approval automatically. Once booked, the itinerary is shared with the traveller and the company, and if a flight is cancelled, TravelPerk's support team helps rebook. During the trip, the employee photographs receipts for meals and taxis in the expense app, and finance receives consolidated invoices and expense reports that flow into the accounting system. If an emergency occurs in the destination, the company can see who is there and contact them. This combination of booking, support, duty of care and expense management is what modern travel platforms aim to provide.

Latest developments (October 2026)

TravelPerk now trades as Perk. In June 2026 it secured a US$300 million credit facility led by Neuberger's specialty finance arm, with Blue Owl and Hercules Capital, according to a Business Wire release. AltexSoft reported annualised revenue above US$300 million for 2025 with 48% growth and a gross margin of about 75%. See our largest European startups guide.

What to watch

Watch US expansion, integration of Yokoy, profitability and any IPO plans.

Takeaways

Companies can manage travel and expenses in one platform. Founders can see how surviving a crisis can lead to stronger growth. Investors should watch travel demand and integration.

Sources

Every figure on this page comes from the public sources below. Where sources disagreed, we used the company's own announcement or a primary news report. Private-company data changes; check the date beside each figure.

1. TechCrunch
2. Skift
3. Tech.eu