April 24, 2024

TripActions raises another $275 million from investors

TripActions has today announced a $275 million in Series F growth funding, pushing its post-money valuation to $7.25 billion.

To date, the California-based technology company, founded in 2015, has raised a total of $1.3 billion – $780 million raised during the course of the pandemic.

TripActions said the funding underscores its “rapid market penetration and the increased demand for end-to-end, modern corporate travel, expense, and spend management technology”. 

This latest round was led by Greenoaks Capital with strong participation from investor Elad Gil, Base Partners, and other existing financial investors.

“There is a sea change that is occurring in the corporate travel and spend industries as companies increasingly look for streamlined, high-powered solutions in a post-pandemic economy,” said Neil Mehta of Greenoaks Capital.

“No company is better positioned to lead the market recovery, and we’re excited to further our investment as TripActions becomes the de facto choice for corporate travel and expense.”

See our Q&A with TripActions VP Marketing EMEA Simone Buckley for more on the latest cash injection.