All Updates

All Updates

icon
Filter
M&A
Funding
TravelPerk raises USD 135 million in debt funding for expansion; acquires AmTrav
Travel Tech
Yesterday
This week:
Product updates
Apple announces Apple Pay Later shutdown
Buy Now, Pay Later
Jun 17, 2024
Management news
Velo3D appoints Brad Kreger as permanent CEO
Additive Manufacturing
Jun 17, 2024
Partnerships
Perplexity partners with SoftBank for AI search engine promotion in Japan
Generative AI Applications
Jun 17, 2024
Product updates
Runway launches Gen-3 Alpha for generating video clips
Generative AI Applications
Jun 17, 2024
Product updates
Adobe integrates Firefly into Acrobat with chat support across multiple documents in Acrobat AI Assistant
Generative AI Applications
Jun 17, 2024
Funding
Amplify Life raises USD 20 million in Series B to expand product suite
InsurTech: Personal Lines
Jun 17, 2024
Funding
Tinybird raises USD 30 million in Series B funding to improve real-time data analytics platform
Data Infrastructure & Analytics
Jun 17, 2024
Partnerships
The EVERY Company collaborates with Grupo Palacios to develop hen-less omelets
Plant-based Dairy & Egg
Jun 17, 2024
Partnerships
Believer Meats partners with AGWA to propel cultivated meat industry in MENA region
Cell-cultured Meat
Jun 17, 2024
Yesterday

TravelPerk raises USD 135 million in debt funding for expansion; acquires AmTrav

M&A
Funding

  • TravelPerk, a European corporate travel booking platform backed by SoftBank, has raised USD 135 million in debt financing from Blackstone and Blue Owl to fund its acquisition of AmTravand, part of its broader expansion efforts.

  • The funding will support a localization strategy, offering better rates and inventory options through deeper supplier relationships, including data exchange arrangements with American Airlines and Southwest.

  • The company's acquisition of AmTrav allows TravelPerk to accelerate its growth in the US market. It plans to double its US revenues by 2026 and make the country its biggest revenue-generating region. Additionally, the acquisition will allow the company to leverage its tech and develop new AI capabilities.

  • AmTrav is a business travel management platform that offers a comprehensive solution for modern companies. Its features simplify business travel booking, management, and analytics.

Contact us

Gain access to all industry hubs, market maps, research tools, and more
Get a demo
arrow
menuarrow

By using this site, you agree to allow SPEEDA Edge and our partners to use cookies for analytics and personalization. Visit our privacy policy for more information about our data collection practices.