STOCKHOLM, April 29 (Reuters) – Company journey bookings platform TravelPerk on Thursday explained it had raised $160 million from a team of buyers led by undertaking company Greyhound Cash as it seeks to expand in the U.S. and Europe.
The Barcelona-dependent company, which has so much lifted $294 million, did not disclose its valuation just after the current funding round.
Business and global travel have been in particular difficult hit by the pandemic. Having said that, with greater vaccinations, marketplace experts are optimistic that demand from customers will commence to return this spring and summer time.
Europe is also racing right here to set up a electronic wellness go scheme to conserve the vacation period.
“The occasions of the past calendar year have fundamentally transformed businesses’ anticipations and preferences,” CEO Avi Meir reported. “We are incredibly confident in the return of company travel this year.”
Travellers can use TravelPerk’s system to evaluate, book and bill trains, cars and trucks, flights, motels and flats from providers this sort of as Kayak and Airbnb.
Investors in the firm incorporate DST, Kinnevik, Focus on Global, Felix Capital, Spark Money, and LocalGlobe. (Reporting by Supantha Mukherjee, European Know-how & Telecoms Correspondent, based in Stockholm enhancing by Jason Neely)
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