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Business travel management platform TravelPerk raises $104M

TravelPerk, a business travel management platform targeted at SMEs, has raised $104 million in a financing round led by SoftBank’s Vision Fund 2. The funding gives TravelPerk a valuation of $1.4 billion. The Barcelona-based company offers an all-in-one platform for companies to book, manage, and report their domestic and international travel. Despite the downturn in startup funding and valuations, TravelPerk's CEO believes the flat valuation is healthy considering the current climate. The latest funding round serves as the fourth installment of the company's Series D round, bringing the total raised to nearly $400 million.

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