TravelPerk kicked off the year with some big news: The late-stage corporate travel tech startup raised $200 million and acquired another company.
Both developments were wrapped into a single announcement that exemplifies a major trend in travel tech right now: A surge in acquisitions by private-equity backed software companies.
Private equity firms have accumulated an estimated $3 trillion that they need to deploy, and roughly $300 billion of that is earmarked for tech, according to investment banks we spoke to. These private equity firms have been leading large fundraises for late-stage startups that are working to modernize behind-the-scenes software that powers the travel industry. And those startups…
