STOCKHOLM, April 29 (Reuters) – Corporate travel bookings platform TravelPerk on Thursday said it had raised $160 million from a group of investors led by venture firm Greyhound Capital as it seeks to expand in the U.S. and Europe.
The Barcelona-based company, which has so far raised $294 million, did not disclose its valuation after the current funding round.
Business and international travel have been especially hard hit by the pandemic. However, with increased vaccinations, industry experts are optimistic that demand will start to return this spring and summer.
Europe is also racing here to set up a digital health pass scheme to save the holiday season.
“The events of the last year have fundamentally changed businesses’ expectations and preferences,” CEO Avi Meir said. “We are very confident in the return of business travel this year.”
Travellers can use TravelPerk’s platform to compare, book and invoice trains, cars, flights, hotels and apartments from providers such as Kayak and Airbnb.
Investors in the company include DST, Kinnevik, Target Global, Felix Capital, Spark Capital, and LocalGlobe. (Reporting by Supantha Mukherjee, European Technology & Telecoms Correspondent, based in Stockholm; editing by Jason Neely)
