Corporate travel management platform TravelPerk has raised $115 million in funding on top of the $160 million announced last April, and plans to use it to “double down” efforts in sustainability solutions and for expansion in the United States and Europe.
The funding round, now totaling $275 million, includes new investment from venture capital firm General Catalyst and increased investment from investment company Kinnevik. Former Booking.com chairwoman and CEO Gillian Tans also invested in the current round and will join TravelPerk’s board of directors, along with General Catalyst’s Joel Cutler. The round brings TravelPerk’s total investment to $409 million and its total valuation to $1.3 billion, beyond the $1 billion “unicorn” line.
“We really plan to use this new funding to go further into the areas we started last year, specifically around sustainability and the future of work and hybrid workplaces, and obviously continuing to invest in go-to-market to extend the scope of…