TravelPerk raises $200M, purchases Swiss invest management leader Yokoy
Spanish tech star TravelPerk has actually raised a massive $200mn and sealed the acquisition of expenditures platform Yokoy.
The financial investment worths TravelPerk at $2.7 bn-- practically double in 2015's $1.4 bn appraisal. Business travel giant stated the funds would sustain even more item advancement and growth into the United States. European VC company Atomico led the Series E financial investment.
Along with the money injection, TravelPerk revealed the purchase of Yokoy, a Swiss start-up that's ended up being a market leader in expenditure management. TravelPerk will now incorporate Yokoy into one automated platform for travel and costs.
"Customers do not need to jeopardize any longer," stated JC Taunay-Bucalo, TravelPerk's president and COO. "Now, they can have the very best tra...