TravelPerk

📣 Big news: TravelPerk has acquired Yokoy, the leading European expense management platform! Since 2020, TravelPerk and Yokoy have joined forces to deliver exceptional travel and expense management—and now, we’re taking things to the next level! We’re building a fully integrated solution that brings travel and expenses together into one automated platform. 🤝 In today’s challenging economic and regulatory landscape, managing travel, expenses, and compliance isn’t easy. That’s why we’re committed to giving our customers a seamless end-to-end experience, streamlining processes, and helping them better control costs. And that’s not just all—we know how important it is to offer customers choice and flexibility in expense management, which is why we’ll keep working with a wide range of partners to keep driving innovation and creating even more value. “Our partnership with Yokoy has already been a great success, and we are excited to take it to the next level by welcoming Phil, Devis, and the rest of the team to TravelPerk. We share a common vision for the role of AI reshaping the future of travel and expense management, and the innovation coming out of Yokoy’s AI labs in Zurich is seriously impressive.” said Avi Meir, TravelPerk's CEO and Co-Founder. Welcome to the team, Yokoy! We’re excited to come together as one company and offer our customers a 7 star travel and expense management experience. 💙 Want to know more about the story behind the acquisition and our future plans? Read here 👉 https://okt.to/G8aNw5.

Continuing our #WinnerWednesday, today we’re celebrating TravelPerk, winners of our Technology Innovation – Corporate Booking Platform at the Business Travel Awards Europe 2024. The judges praised TravelPerk for its integration of AI, high level of automation and efficiency, providing a user-friendly platform with extensive partner integrations. They noted significant improvements in operational efficiency and customer satisfaction, highlighting the platform's flexibility and successful implementation of technology solutions. Shout out to Vicki Williams for their interview below. Awards submissions for 2025 are live. View the award categories here: https://shorturl.at/Fiaxk

Our President & COO, Jean-Christophe Taunay-Bucalo, sat down with Ryan Browne at CNBC to give the exclusive story on TravelPerk’s latest moves—our Yokoy acquisition, new funding, and what’s next for AI. 👉 Read full article here: https://okt.to/HUyE5a

🙌📢 Yesterday was a huge day—and it’s just the start of an incredible year ahead! We’ve announced two major milestones: 💙We've acquired Yokoy, Europe’s leader in expense management, paving the way for a best-in-class integrated travel and expense management experience for our customers. 💸We’ve raised $200m in Series E funding, nearly doubling our valuation to $2.7 billion. 📽️Catch our President and COO, Jean-Christophe Taunay-Bucalo, discussing the acquisition and capital raise with Tom Mackenzie on Bloomberg: https://okt.to/DnWXqB. (Minute 16.06)

TravelPerk, the corporate travel management platform, doubled its valuation to $2.7 billion in a $200 million fundraising round led by Atomico and EQT Ventures's growth arm. The fresh cash will be used to accelerate TravelPerk's growth, fuel an expansion in the US and ramp up investment into product, tech and AI. On the topic of AI, I asked Jean-Christophe Taunay-Bucalo, TravelPerk's COO, if he was worried about the emergence of buzzy new AI "agents," like the one introduced by OpenAI last week. Whereas LLMs like GPT require continuous user inputs to produce responses, so-called agents are systems that can autonomously fulfil tasks on your behalf. “The reality is, things don’t change overnight,” Taunay-Bucalo told me. Anything that we see is happening, we’re going test it ... We’re going to release it. If it works, we keep it. If it doesn’t work, we kill it.” https://lnkd.in/eu8x9azZ #tech #startups #vc #travel #corporatetravel #tande #expenses #funding #venturecapital #europe

Today marks a monumental milestone for TravelPerk: a strategic acquisition of Yokoy and a $200m financing round led by Atomico and EQT that together bring us closer to our vision: building the world’s #1 integrated travel and expense platform. So I called my mom to share how grateful I feel to be part of this journey. Her response was classic: "You’re very lucky son. It’s good to be lucky in life." She’s right—luck does help. But you know what also helps? - An incredible team of A-players who push each other outside their comfort zones and a company culture second to none - A bold vision paired with the operational muscle and financial firepower to execute it - The backing of some of the world’s top investors who share our belief in what’s possible To our new investors- Hillary Ball, Niklas Zennström, Carolina Brochado, Michael Hlavac, and nathalie bruls—welcome on board! We’re proud and humbled to have your support. To Philippe Sahli, Devis Lussi, Thomas Inhelder, and Lars Mangelsdorf—it’s an honor to join forces as we combine our strengths and scale new heights together. This achievement wouldn’t have been possible without several individuals who truly stepped up: Volker Vielhaber, Lizzie Reid, and Borja Daudí Espadaler—your relentless drive, energy, and impact have been one of the most rewarding experiences. You’ve redefined what ownership means, and I couldn’t be prouder. Andrew Cooke and Edward Eden—after three years of working together, I wouldn’t expect anything less….but this was truly a masterpiece of execution throughout. A massive thank you to everyone who made this happen. Now let’s get back to work!

📣 $200m raised in fresh investment in Series E Today we’re thrilled to announce our new Series E funding of $200m, nearly doubling our valuation to $2.7 billion. This funding round was led by the European venture capital firm, Atomico, alongside EQT Group (EQT Growth), with significant participation from Noteus Partners and existing investors, including Kinnevik and General Catalyst. 🗣"Our focus has never been stronger as we expand across core markets, accelerate growth in the US, and now work to become the number one travel and expense management platform” said Avi Meir, TravelPerk CEO and Co-founder. Read more about this funding and today's news on the acquisition of the leading European expense management platform, Yokoy: https://okt.to/rTCH9U.

We bought Yokoy, and raised $200 million at $2.7 billion (2x valuation from last round). When I first met Philippe and Devis, two of the co-founders of Yokoy, I knew they were my type of people. Super nerds with the energy to take over the world and Swiss-level engineering perfection. Over the past several months we got to know the rest of the Yokoy team and my conviction in the fit of this partnership just grew stronger. Today we announce that TravelPerk has acquired Yokoy and will now offer a fully integrated travel and expense platform to our customers. This solution is perfect for European mid-size companies, while smaller organizations will benefit from our marketplace with great solutions such as Pleo and Divvy from BILL, with whom we have strong long-term strategic partnerships. This acquisition is about offering customers all the options and making sure that they are able to choose what works best for them. We also announce today that we have raised a $200 million Series E led by Atomico and EQT Group with significant participation by General Catalyst and Kinnevik. This round doubled our valuation to $2.7 billion, and will be used to increase our investment in AI, which has completely transformed our business in the past 2 years. Read more in my blog post

Work trips often come with... hotel life. So let’s settle this 👇

🏓 With over 1.5 million players in 60+ countries, Playtomic is revolutionizing racket sports. But behind the scenes, managing 470+ business trips a year across four international offices was no small feat. Thanks to TravelPerk, they’ve: ✔️ Cut travel management time by 40-50% ✔️ Delivered up to 20% savings per trip with pre-negotiated corporate rates ✔️Streamlined 470+ trips a year ✔️Enabled seamless integrations with tools like Slack and Spendesk For Playtomic, this means better control over budgets, happier employees, and less stress for their Office Manager. Read the full story: https://okt.to/DQmwe2.