TravelPerk

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.

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.

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.

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.

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.

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.

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.