TravelPerk Secures $104 Million Investment Led by SoftBank

Funds to Drive Growth and Product Expansion, Company Valued at $1.4 Billion

TravelPerk, a business travel management platform, has raised $104 million in a new investment round led by SoftBank Vision Fund 2.
The funding will be used to drive the continued growth and product expansion of TravelPerk, as well as accelerating gross profit through automation and AI.
TravelPerk’s annualized booking volume now approaches $2 billion, and the company is valued at $1.4 billion.
The company plans to expand its workforce, which currently numbers 1,200, as it grows its presence in the U.S. and Europe.
TravelPerk primarily uses AI technologies like machine learning and neural networks to automate a lot of the manual tasks involved in corporate travel.