Business travel platform TripActions scores $250 million in funding
Business travel platform TripActions has secured significant funding of $250 million in its latest round, taking the firm’s valuation to about $4 billion.
The Series D round was led by Andreessen Horowitz along with Zeev Ventures, Lightspeed Venture Partners and Group 11, which will go toward accelerating its growth trajectory into global enterprise accounts and enhance the business travel experience for its customer base.
TripActions says it streamlines the average booking time from 60 minutes down to only six while achieving savings of up to 34% on lodging alone.
"When we started TripActions, we put the traveler first, working to solve all of the pains of work travel that we ourselves experienced as road warriors," said Ariel Cohen, TripActions co-founder and CEO.
"We wanted to give enterprises and their travelers a far better option than the status quo and hopelessness of using the same outdated and frustrating corporate travel platforms."
TripActions offers an easy-to-use mobile-first interface and manages more than $1.1 billion in annual travel spend across more than 2,000 customers around the world.
These include top-tier brands like WeWork, Lyft, and SurveyMonkey.
It now has more than 700 employees across nine offices globally including London and Sydney, and the cash injection will also help grow its team in the EMEA region.
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
Phocuswright reveals the world's largest travel markets in volume in 2025
Higher departure tax and visa cost, e-arrival card: Japan unleashes the fiscal weapon against tourists
Cyclone in Sri Lanka had limited effect on tourism in contrary to media reports
Singapore to forbid entry to undesirable travelers with new no-boarding directive
Euromonitor International unveils world’s top 100 city destinations for 2025