London, UK - TravelPerk has raised $104 million in new funding.
The round was led by SoftBank Vision Fund 2, with participation from TravelPerk's existing backers, including Kinnevik and Felix Capital.
This brings TravelPerk's total funding to more than $300 million and values the company at $1.4 billion.
Established in 2015, Barcelona-based TravelPerk provides small and medium-sized businesses with an all-in-one business travel booking and management platform.
Its offerings include travel inventory, management features, customer support, and consumer-grade design.
The new capital will fuel TravelPerk's continued growth and expansion in Europe and the U.S., where the company now books nearly $2 billion in annual travel volume.
The investment will also fund further development of TravelPerk's product through automation and AI to increase gross profit.