TravelPerk Named Top-Tier Software Vendor by APPS RUN THE WORLD in the APPS TOP 500 Market Report

TravelPerk Strengths, Domain Expertise, and Key Differentiators

The comprehensive platform offered by TravelPerk affords travelers the desired flexibility while simultaneously equipping companies with the requisite oversight. Boasting an extensive travel inventory complemented by robust management capabilities, round-the-clock customer support, modern technology, and consumer-centric design, TravelPerk empowers enterprises globally to optimize their travel endeavors effectively.

TravelPerk Recent Developments

In September 2024, TravelPerk announced a partnership with SilverRail, a rail commerce platform that simplifies rail sales for travel agencies. This collaboration enables TravelPerk customers to access and book Amtrak rail content across the United States.

SilverRail equips partners like TravelPerk with a streamlined, cost-efficient platform for rail booking, ticketing, and post-sale support. Its API and agent tools are specifically designed to minimize the complexity, operational overhead, and technical challenges involved in delivering global rail content.

TravelPerk Mergers and Acquisitions (M&A) Activities

In January 2025, TravelPerk announced a $200 million Series E funding round, led by European venture capital firm Atomico and joined by EQT Growth. The round also saw strong participation from Noteus Partners and existing backers such as Kinnevik and General Catalyst. This oversubscribed round nearly doubled TravelPerk’s valuation, bringing it to $2.7 billion.

Alongside the funding news, TravelPerk revealed its acquisition of Yokoy, an AI-driven platform specializing in expense, invoice, and card payment processing. By integrating Yokoy’s capabilities and strengthening its open ecosystem of strategic expense management partners, TravelPerk is enhancing its ability to deliver localized, flexible solutions to customers across Europe and the US, reinforcing its commitment to customer choice and adaptability, a cornerstone of the company’s value proposition.

On June 18, 2024, TravelPerk announced that it had acquired American company AmTrav, significantly strengthening its U.S. business travel market presence. This strategic acquisition was part of the company's plan to double its U.S. revenue and transform the U.S. market into its largest source of revenue by 2026.

TravelPerk Customers in ARTW Customer Database

Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying TravelPerk applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of TravelPerk and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified TravelPerk Travel Management, TravelSafe, FlexiPerk customers.

TravelPerk Key Enterprise and Cloud Applications

TravelPerk Travel Management, TravelSafe, FlexiPerk

TravelPerk Revenues, $M:

TravelPerk Revenue Breakdown By Type, $M:

TravelPerk Enterprise Applications Revenues By Functional Markets, $M:

TravelPerk Enterprise Applications Revenues By Verticals, $M:

TravelPerk Revenues By Region, $M

TravelPerk Direct vs Indirect sales

TravelPerk Customers - Breakdown by Geo, Size, Vertical and Product

List of Verified TravelPerk Customers

No. of TravelPerk Customers: 5000

No. of TravelPerk Enterprise Applications Customers: 5000

No. of TravelPerk Cloud Customers: 5000

No. of TravelPerk Cloud Subscribers: x

Following the integration of Click Travel’s extensive client base of over 2,000 SMEs, TravelPerk has notably bolstered its presence in the UK and European markets. This strategic acquisition has propelled the total customer count to slightly surpass 5,000. Among TravelPerk’s esteemed clientele are notable names such as Workable, Typeform, Adyen, Farfetch, Volotea, TransferWise, Hotjar, Sumup, Ykone, Kantox, Five Guys, Red Bull, Talk Talk, and numerous others, reflecting the platform's appeal across diverse industry verticals.

TravelPerk Market Opportunities, M&A and Geo Expansions

In January 2023, TravelPerk secured $104 million in a new equity round, prominently spearheaded by SoftBank Vision Fund 2 and reinforced by steadfast support from existing investors Kinnevik and Felix Capital. Notably, this latest fundraising endeavor propels TravelPerk's valuation to $1.4 billion, marginally exceeding the $1.3 billion valuation achieved in its previous financing round conducted a year prior.

With the acquisition of AmTrav, TravelPerk is in an excellent position to expand its presence in the largest business travel market in the world – the US, where the demand for innovative, flexible, and technologically advanced travel management solutions is constantly growing. This acquisition not only provides it with local market access and expertise but also enables it to scale faster through the integration of existing customers, technological synergies, and joint development of products that meet the specific needs of US companies, especially in the SMB and mid-market segments.

Following its recent fundraising led by SoftBank Vision Fund 2, TravelPerk has clearly communicated its strategic plan to utilize the raised capital for sustaining corporate expansion efforts, driving product diversification initiatives, and bolstering its workforce through targeted hiring and scaling endeavors.

In April 2021, TravelPerk secured $160 million in a new funding round, consisting of both fresh equity and debt financing. Greyhound Capital led the round, with contributions from existing investors, raising the total investment to date to $294 million. The funds will drive TravelPerk's ambition to establish the premier global travel platform, prioritizing expansion in the US and Europe, and advancing product innovations tailored to the evolving requirements of post-pandemic travelers and small and medium enterprises.

In July 2019, TravelPerks secured an additional $60 million in Series C funding, following a $44 million raise nine months earlier. This brings the total Series C round to $104 million and the company's total funding to date to $134 million. Notable investors increasing their commitment to the Series C round include Kinnevik, DST Global Partners, Target Global, Felix Capital, Heartcore, and LocalGlobe.

TravelPerk Risks and Challenges

While TravelPerk’s recent $200 million Series E funding significantly boosts its valuation and supports strategic growth initiatives, continued reliance on external capital introduces potential risks. Future funding rounds may be affected by changing market conditions, investor sentiment, or broader economic downturns, which could impact the company’s valuation, growth trajectory, or operational flexibility. Additionally, investor expectations for accelerated growth or returns may pressure the company to scale rapidly, potentially straining resources or leading to execution challenges.

TravelPerk Ecosystem, Partners, Resellers and SI

TravelPerk has strategically expanded its network of integration partners, collaborating with leading platforms such as Slack, HiBob, Personio, Pleo, Timeshifter, Zoom, Rydo, Spendesk, Payhawk, and many others. These partnerships enhance the platform’s ecosystem, offering customers greater connectivity and streamlined workflows.

To support its global operations and better serve core markets, TravelPerk maintains key hubs in major cities including Barcelona, London, Berlin, Miami, and Chicago, positioning the company close to its customers and key business travel corridors.

Research Methodology

Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.

Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).

For additional information on our methodologies, here's the link: