Corporate travel agency TripActions is looking to secure more funds, according to Bloomberg.

It said the startup was looking towards a $9 billion valuation.

The startup is reportedly in talks for a new round of funding at a higher valuation because investors are more keen on private technology companies due to the declining value of publicly-traded shares.

There’s also interest because travel is rebounding at a faster than expected rate.

Bloomberg said a spokesperson for TripActions declined to comment.

TripActions raised $275 million in October from investors including Greenoaks Capital Management, Base Partners and entrepreneur Elad Gil, giving it a $7.25 billion valuation.

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Tags: business travel, corporate travel, funding, travel management companies, tripactions