Overview

• TravelPerk raised $200 million in a Series E funding round led by Atomico and EQT Growth, doubling its valuation to $2.7 billion.
• The company acquired Swiss spend management platform Yokoy in a nine-figure equity deal to integrate expense management natively into its platform.
• The funding will accelerate TravelPerk's expansion into the U.S. market and support investments in AI and product development.
• Yokoy's AI expertise and team will bolster TravelPerk's capabilities, enhancing its unified travel and expense management offerings for SMBs and mid-market companies.
• TravelPerk has achieved significant growth, with annualized booking volumes exceeding $2.5 billion and reaching profitability in late 2024.