Startups > TravelPerk

TravelPerk

Perk helps companies manage business travel and expenses through AI-powered booking and policy enforcement.

Series D $715M total Founded 2015 Barcelona, Catalonia 1259 employees

Perk (formerly TravelPerk) is an AI-native corporate travel and spend management platform that combines consumer-grade booking with enterprise-grade policy controls. It solves the problem that 50% of business travel happens outside company policy by offering a single platform with real-time policy enforcement, AI-powered itinerary management via assistant Juno, and integrated expense tracking. The platform serves 12,000+ companies globally and differentiates through FlexiPerk flexible cancellation coverage, TravelCare duty of care management, and seamless multi-modal transportation comparison.

Problem solved

50% of business travel happens outside company policy because existing platforms are outdated, lack competitive pricing, and require travel managers to juggle multiple systems to manage a single trip.

Target customer

Mid-market to enterprise companies with significant business travel spend and complex travel policy compliance requirements, across industries including tech, e-commerce, and professional services.

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Founders

Avi Meir

CEO & Co-Founder

Previously founded Hotel Ninjas (acquired by Booking.com in 2014) and Budgetplaces.com; brings expertise in travel technology and B2B operations.

Javier Suarez

Chief Product Officer & Co-Founder

Previously led Product Performance and Innovation at Booking.com; expert in product design and travel platform architecture.

Ron Levin

Co-Founder

Started the B2B division at Booking.com; brings B2B operations and corporate travel expertise.

Funding history

Seed Unknown March 2016 Led by Index Ventures

Series A $7M June 2016 Led by Spark Capital

Series B $21M October 2018 Led by Target Global · Felix Capital, Spark Capital, Sunstone, Amplo

Series C $104M July 2019 Led by Kinnevik · Partners of DST Global, Target Global, Felix Capital, Sunstone, LocalGlobe

Series D $160M 2021 Led by Unknown

Series D (Second) $115M 2022 Led by Unknown

Debt Financing $135M June 2024 Led by Blackstone Credit & Insurance · Blue Owl Credit

Series D $104M January 2024 Led by SoftBank Vision Fund

Series E $200M January 2025 Led by Atomico · EQT Growth, Sequoia Capital, General Catalyst, Kinnevik, SoftBank Vision Fund, Blackstone

Total raised: $715M

Industries

Business Travel Ticketing Travel Software

Pricing

Freemium model with tiered pricing. North America: Starter (free, 5% per-booking fee), Premium ($99/mo, 3% per-booking fee), Pro ($299/mo, 3% per-booking fee). All tiers have $2-$30 per-booking minimums/maximums. Europe: $11/user/month with no platform fees. Premium and Pro tiers include access to negotiated rates.

Notable customers

GetYourGuide, Uber, Typeform, Shopware AG, TX Group

Integrations

Salesforce, Google Workspace, Segment, Zendesk, Sendgrid, Google Analytics, OneTrust

Tech stack

jQuery (JavaScript libraries) MySQL (Databases) Zendesk (Documentation) WordPress (Blogs) Segment (Customer data platform) Google Analytics (Analytics) Nginx (Reverse proxies) PHP (Programming languages) Google Workspace (Email) Google Tag Manager (Tag managers) Salesforce (CRM) Yoast SEO (SEO) Amazon Web Services (PaaS) WP Engine (PaaS) OneTrust (Cookie compliance) Sendgrid (Email) ipify (Geolocation)

Website

travelperk.com/

Competitors

Concur (SAP)

Legacy expense management platform; less modern UX and limited to expense reporting rather than integrated booking and policy enforcement.

Expensify

Primarily focused on expense reporting and receipt scanning; lacks integrated travel booking and real-time policy enforcement capabilities.

BCD Travel

Traditional travel management company; less technology-first, higher service costs, and lacks consumer-grade UX and AI-powered automation.

Egencia (Expedia)

Corporate travel platform focused on TMC services; less integrated with modern expense management and lacks proprietary AI assistant.

Why this matters: Perk's January 2025 Series E at a $2.7B valuation reflects strong market validation for AI-powered corporate travel automation. The November 2025 rebrand from TravelPerk to Perk signals a strategic shift toward becoming a comprehensive spend management platform beyond travel, with Juno's sub-15-second AI response times setting a new UX standard for enterprise travel tools. The company's founding team's deep Booking.com pedigree and growing customer base of 12,000+ including unicorns suggests a credible path to profitability in a large TAM.

Best for: Mid-market to enterprise companies that want to reduce out-of-policy travel spend, automate trip management, and consolidate travel booking with expense reporting into a single platform with modern UX and AI assistance.

Use cases

Reducing Out-of-Policy Travel Spend

A 500-person SaaS company has 45% of travel booked outside policy because employees find the legacy system too rigid and expensive compared to booking directly. Perk's policy enforcement at booking time combined with competitive pricing reduces out-of-policy spend to 10% within 6 months, saving the company $200K annually.

Automating Itinerary Changes

A consulting firm's travel managers spend 15 hours/week handling flight change requests via email and phone calls. Perk's Juno AI assistant handles 80% of changes automatically with sub-15-second response times, freeing travel managers to focus on policy optimization and supplier negotiations.

Duty of Care and Traveler Safety

A multinational company with 2,000 frequent travelers needs real-time visibility into employee locations during crises. TravelCare provides real-time traveler tracking, risk alerts by destination, and 24/7 emergency support, enabling duty of care compliance and rapid response during disruptions.

Consolidated Expense Management

A 200-person e-commerce company previously used separate tools for travel booking, expense reporting, and policy enforcement. By consolidating on Perk, employees get a single mobile app for booking and expensing, reducing duplicate data entry and accelerating reimbursement cycles from 14 days to 5 days.

Alternatives

Concur Choose Concur if you need deep integration with SAP ERP systems; otherwise Perk offers superior modern UX and AI automation.

Egencia Choose Egencia if you require traditional travel management company services and personal agent support; Perk is better for tech-forward companies wanting self-service AI automation.

BCD Travel Choose BCD Travel if you need white-glove TMC services for complex corporate travel programs; Perk is better for companies prioritizing modern technology and cost efficiency.

Expensify Choose Expensify if expense reporting and receipt scanning are your primary need; Perk is better if you want integrated travel booking with policy enforcement.

FAQ

What does Perk do? +

Perk is an AI-native platform that combines business travel booking with corporate spend management and policy enforcement. Employees book flights, hotels, car rentals, and rail through a consumer-grade interface while the platform automatically applies company policies, routes approvals, and enforces compliance. The platform includes Juno, an AI assistant for instant itinerary changes, TravelCare for duty of care and traveler safety, and FlexiPerk for flexible cancellation protection.

How much does Perk cost? +

Pricing varies by region. North America offers a free Starter plan (5% per-booking fee), Premium ($99/month with 3% per-booking fee), and Pro ($299/month with 3% per-booking fee). Europe uses a different model at $11/user/month with no platform fees. All plans charge a per-booking fee with $2-$30 minimum/maximum. Premium and Pro tiers include access to negotiated rates and additional features.

Who uses Perk? +

Perk serves 12,000+ customers globally, including notable clients like GetYourGuide, Uber, Typeform, and Shopware AG. The target market is mid-market to enterprise companies with significant business travel spend that need modern policy enforcement, expense management, and traveler safety capabilities.

What makes Perk different from competitors? +

Perk combines consumer-grade UX with enterprise-grade policy controls in a single platform, whereas competitors like Concur or Egencia typically separate travel booking from expense management. The AI assistant Juno handles 80% of itinerary changes automatically with sub-15-second response times. TravelCare provides real-time traveler tracking and duty of care compliance. FlexiPerk recovers 80%+ of cancellation costs regardless of reason, a feature not available in traditional platforms.

What are the key features of Perk? +

Key features include: (1) Real-time policy enforcement at booking time with automatic approvals; (2) Juno AI assistant for instant itinerary changes and policy queries; (3) TravelCare for real-time traveler tracking and duty of care; (4) FlexiPerk flexible cancellation coverage; (5) Multi-modal transportation comparison across flights, hotels, car rentals, and rail; (6) Integrated expense reporting and automatic reimbursement routing.