Corp Travel Startup TripActions Raises Another $250 Million
Photo Credit: Tripactions CEO Ariel Cohen, left, with chief technology officer Ilan Twig. TripActions
Skift Take
TripActions now claims to be worth $4 billion after raising nearly half a billion dollars. Raising so much money in such a short time raises questions about competition in the space as it works to scale more quickly than its rivals.
Business travel is big money, and venture capital continues to rush into the travel management space as new players jockey to dominate the market for small- to medium-sized businesses.
TripActions has raised an additional $250 million in Series D funding, bringing its total amount raised to $481.5 million since the company was founded in 2015. Existing investors Andreessen Horowitz, Zeev Ventures, Lightspeed Venture Partners, and Group 11 led the round. The company now values itself at $4 billion, up from $1 billion when it raised money last t
