tripaction tech.eu

Business travel platform TripActions takes on $155 million to prepare for post-pandemic growth

TripActions has raised $155 million in Series E growth funding, ballooning the company’s valuation to $5 billion. This is the travel company’s second massive funding round during the pandemic, adding to the $125 million convertible-to-IPO financing from June 2020. The company, founded in the US by two Israeli entrepreneurs, says its rapid growth continued through […]

TravelPerk tech.eu

Barcelona’s TravelPerk acquires US business travel platform NexTravel

TravelPerk, a Spanish company that has grown into a global travel management platform, has acquired US business travel platform NexTravel to accelerate expansion in the US market. Financial terms of the deal were not disclosed. The acquisition will include NexTravel’s customer base, technology, employees and inventory. Founded in 2013 and launched from Y Combinator in […]

Tourlane tech.eu

Tourlane raises $20 million extension, finally closing Series C at $67 million

Berlin-based travel booking platform Tourlane has raised $20 million in an extension of its Series C, which initially closed at $47 million back in May 2019. Previous investors Sequoia Capital, Spark Capital, DN Capital, and HV Capital, as well as both founders, participated in the round – boosting the company’s total capital raised to over […]

TravelPerk tech.eu

Barcelona’s TravelPerk buys Albatross, an API for virus-related travel restrictions, to expand risk management offering

Barcelona-based travel management platform Travelperk has acquired Albatross, a startup that offers an API for structured information on travel restrictions and local guidelines in the coronavirus era. This is the Spanish company’s first acquisition. Albatross’ technology and data will be incorporated into TravelCare, the platform’s travel risk management offering, but also remain a standalone product […]

Koala tech.eu

French insurtech startup Koala raises €1.6 million to help compensate for travel disruptions

French travel tech startup Koala has closed a €1.6 million seed round led by London-based Insurtech Gateway, with participation from Playfair Capital, Techstars Ventures and private investors, including former CEOs of Air Malta and Brussels Airlines. The service proactively alerts travelers to any disruption (bad weather, strikes, etc.) and pays out instantly, “no questions asked”. […]

Bob W tech.eu

Helsinki hospitality startup Bob W raises €4 million for tech-enabled apartment hotels with custom sanitisation process

Bob W, a Helsinki-based hospitality startup, has raised €4 million in a seed round led by byFounders and joined by real estate investors NREP and Estonian firm Kaamos. Additional investors include Baltic VCs Superangel and United Angels, and other angels from Germany and the Nordics. The Finnish startup offers an accommodation hybrid between hotels and […]