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TravelPerk
TravelPerk is Avi Meir's $2.7B corporate-travel platform, uniting booking, expense, and policy automation for 5,000+ companies from its Barcelona...
TravelPerk
TravelPerk launched in 2015, founded by Avi Meir, Javier Suarez, and Ron Levin to simplify a corporate-travel market they saw as fragmented and manual. The company operates a cloud platform that lets employees book flights, hotels, and trains within their employer’s policy guardrails while finance teams get automated receipt matching, invoice management, and real-time spend visibility. Its underlying wealth and ownership track back to venture investors, not a single family—SoftBank Vision Fund 2, Kinnevik, and General Catalyst are among its largest backers. Deployment focuses on scaling a unified travel-and-expense engine. The product spans managed business travel (flights, accommodations, rail), expense automation (Perk Cards, automated receipt reconciliation, invoice management), and group-booking coordination. TravelPerk serves over 5,000 customers globally—including companies like Criteo and Farfetch—and has expanded into North America with a Spend product that integrates with US expense-management workflows. The platform draws inventory from major GDSs and low-cost carriers, augmented by a proprietary corporate-rate aggregation layer, with offices in Barcelona, Boston, and London. Team scale is not publicly disclosed, but the firm has grown through acquisitions that expanded its geographic and product footprint. In September 2023, it acquired Chicago-based rival Amtrav and concurrently raised $135 million, deepening its US mid-market penetration (per TechCrunch, 2023). Earlier, a $104 million round led by SoftBank in 2022 doubled its valuation to $2.7 billion. TravelPerk also operates a flexible-travel protection product—Perk FlexiPerk—which gives clients a refundable booking option as a structural retention tool, and maintains a 24/7 global support team serving clients through travel disruptions. The structural differentiator is TravelPerk’s hybrid model: it competes with both legacy travel-management companies and modern corporate-spend fintechs by placing an AI-driven policy engine and a payment layer on top of a broad travel-inventory aggregator. Instead of picking one lane, the company treats booking, expense, and payments as a single workflow, which creates a closed-loop data set that feeds its policy-automation and compliance tools—an architecture distinct from point-solution rivals like Navan (formerly TripActions) or standalone corporate-card providers.
General information
Firm type
Asset Manager
Year founded
2015
AUM
Undisclosed
Location
Region
Europe
Country
Spain
City
Barcelona
Corporate office
Barcelona, Spain
Additional offices
Boston · London
Principals
Avi Meir
CEO & Co-founder
Javier Suarez
CPO & Co-founder
Ron Levin
CTO & Co-founder
Sector focus
Frequently asked questions
Who controls TravelPerk’s product and strategic direction?
CEO and co-founder Avi Meir drives the company’s strategy, while co-founders Javier Suarez (Chief Product Officer) and Ron Levin (Chief Technology Officer) run product and engineering. The three have led the company together since its 2015 founding in Barcelona, and Meir remains the primary external face for investors and press.
How is TravelPerk funded, and who are its largest backers?
TravelPerk raised over $700 million in equity and debt from venture-capital and growth investors. SoftBank Vision Fund 2 led a $104 million round in January 2022 that doubled the valuation to $2.7 billion, and the cap table also includes Kinnevik, General Catalyst, Blackstone, and Greyhound Capital (per TechCrunch, 2022). The company is venture-backed, not a family office, so there is no private-wealth origin.
Does TravelPerk operate only as a travel agency, or does it have a fintech component?
It operates as both. The core is a corporate travel-management platform that aggregates airline, hotel, and rail inventory, but TravelPerk issues policy-controlled Perk Cards for employee spending and offers automated expense management, invoice reconciliation, and a dedicated US Spend product. This makes it a competitor to both travel-management companies and corporate-expense fintechs.
What scale of client does TravelPerk typically serve?
TravelPerk targets mid-market and enterprise companies. Its public client list names over 5,000 organizations, including publicly referenced accounts such as Criteo, Farfetch, and Typeform—firms that range from hundreds to thousands of employees with recurring business-travel needs.
How does TravelPerk handle client funds and travel disruptions?
The company offers FlexiPerk, an optional flexible refund product, alongside standard 24/7 global support for rebooking during disruptions. Client travel payments flow through TravelPerk’s booking engine and Perk Cards, with real-time policy controls applied at the point of purchase, but TravelPerk does not disclose a specific trust-account or regulatory structure for unspent client balances.
What is TravelPerk’s relationship with SoftBank?
SoftBank Vision Fund 2 is a major investor. It led a $104 million round in January 2022 and participated in the $135 million raise accompanying TravelPerk’s acquisition of Amtrav in September 2023. SoftBank’s involvement gives TravelPerk access to a global network of portfolio companies, but SoftBank does not control day-to-day operations.
How does TravelPerk’s economic model differ from traditional travel-management companies?
Traditional TMCs typically earn fees per booking or retain a portion of supplier commissions. TravelPerk layers an AI-driven policy engine and a payments/expense layer on top of a broad inventory aggregation model, generating revenue through a SaaS-like platform fee plus payment-related income—closer to a hybrid software-and-fintech margin structure than a pure TMC.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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