All Updates

All Updates

icon
Filter
M&A
Funding
TravelPerk raises USD 135 million in debt funding for expansion; acquires AmTrav
Travel Tech
Jun 18, 2024
This week:
Partnerships
MGI Tech and Predica Diagnostics collaborate to develop Predica's targeted RNA sequencing tests
Precision Medicine
Jul 11, 2024
Partnerships
Renalytix partners with Steno Diabetes Center to advance precision medicine solutions for diabetes and chronic kidney disease
Precision Medicine
Jul 11, 2024
Partnerships
Myriad Genetics and Personalis cross-license patents for tumor-informed cancer treatment tests
Precision Medicine
Jul 11, 2024
Funding
Element Biosciences raises USD 277 million in Series D funding to commercialize AVITI DNA sequencer and support AVITI24 launch
Precision Medicine
Jul 11, 2024
Funding
Jacobi Robotics raises USD 5 million in seed funding to expand capacity
Smart Factory
Jul 11, 2024
M&A
Formlabs acquires Micronics for undisclosed sum to develop next-generation SLS printers
Additive Manufacturing
Jul 11, 2024
Partnerships
Anthropic partners with Amazon Bedrock to fine-tune Claude 3 Haiku model
Foundation Models
Jul 11, 2024
Funding
Lemon.markets raises EUR 12 million in funding to support growth
FinTech Infrastructure
Jul 11, 2024
M&A
Kipu Quantum acquires PlanQK platform to enhance accessibility to quantum computing solutions
Quantum Computing
Jul 11, 2024
Partnerships
Quantinuum and STFC Hartree Centre partner to enhance quantum computing accessibility in UK
Quantum Computing
Jul 11, 2024
Jun 18, 2024

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.