Spanish Tech Star Travelperk has collected a whopping $ 200 million and sealed the takeover of the Yokoy spending platform.
The Investment values TravelPerk at $ 2.7 billion – almost twice the rating of $ 1.4 billion last year. The business travel business said the funds would inspire further product development and the expansion of the United States to the USA. The European VC company Atomico headed Series E -Investment.
In addition to the cash injection, Travelperk announced the purchase of Yokoy, a Swiss startup that is the market leader in terms of cost management. Travelperk will now integrate Yokoy into an automated platform for travel and expenses.
“Customers no longer have to compromise anymore,” said JC Taunay-Bucalo, President and Coo of Travelperk. “Now you can have the best travel management product that is built on the largest inventory in the world, and the product management product that is best suited for your business combined for the best integrated experience.”
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The announcements are made in the middle of new hopes for the travel industry. Global tourism recovered until 2024 on pre-covid 19 levels, while business trips were Persecution To surpass the peak, it met before the pandemic.
The financing now flows back into Travel technology Startups. Last year they enjoyed one Record year of investments.
The news also brings together two members of the extended family of TNW.
Travelperk is alumni from TNWS Tech5 – a competition for European scale -ups. The Competition returns To the TNW conference on June 19 and 20. Applications are open until February 28th.
Yokoy is now a member of TNWS community of rapidly growing technology companies. In 2022, the startup opened a new European basis in the city of TNW, Amsterdam.
Yokoy announced the move and pointed out the attractions of the local fintech scene.
“In our move to the market, it's not about the time.
“The Dutch market has progressed in terms of fintech introduction, and it felt like a natural next step to bring our expenditure management solution for companies in the region.”
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