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We're desperate for any solution that makes booking corporate travel less painful. It appears TravelPerk's investors realize the value in a company that wants to give travel managers technology that makes them smarter, and that's a long time coming.
Each week we create a roundup of travel startups that have received or announced funding that week. The total amount raised this week was more $14.9 million.
Here are four companies that announced they raised funding this week, listed in order by the highest amount raised. See previous roundups here.
>>TravelPerk raised a $7 million Series A round from new investor Spark Capital and several existing investors, including Sunstone Capital and LocalGlobe, bringing the Barcelona, Spain-based startup’s total funding to $8.5 million, after raising a $1.5 million seed round in March.
The startup helps companies budget, book and manage business travel and was founded in January 2015. TravelPerk’s booking platform integrates all major airline and hotel websites, where companies can manage itineraries, payment methods and travel policies in line with company budgets. It also automates all expense reporting.
>>Hotelsoft raised a $3 million seed round from undisclosed investors and this is the Fremont, California-based company’s first funding round.
As a cloud-based, revenue management platform for independent and chain hotels, Hotelsoft manages a property’s distribution network, rates and inventory. It also handles all digital marketing such as email, paid search and online revenue.
>>Event Farm raised a $2.6 million Series A round from an undisclosed investor bringing the Washington, D.C.-based startup’s total funding to $4.3 million.
Event Farm provides event professionals invitation, registration and event activation technologies to promote their brands and engage audiences. It was founded in 2011 and offers pre, in and post-event services.
>>Recharge raised a $2.3 million seed round from new investors Binary Capital, Eniac Ventures, Expansion Venture Capital, Floodgate and Rick Marini and this is the San Francisco-based startup’s first funding round.
Launched in 2015 as a mobile app where travelers can instantly book a luxury hotel room on-the-go, Recharge lets guests pay for a room by the minute. It’s currently only available in San Francisco and offers one-tap booking and anytime check-out.
The Daily Newsletter
Our daily coverage of the global travel industry. Written by editors and analysts from across Skift’s brands.
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Photo credit: TravelPerk helps companies budget, book and manage their business travel. TravelPerk