Engine (FKA Hotel Engine), a Denver, CO-based business travel technology company, raised $140M in Series C funding, at $2.1 Billion valuation.
The round was led by Permira Growth Opportunities II. Permira Principal Alex Melamud has joined Hotel Engine’s Board of Directors.
The company intends to use the funds for ongoing product development, including the launch of flight and rental car bookings to its platform.
Led by CEO Elia Wallen, Engine is empowering business travel by providing a platform for companies to save time and money via features like consolidated invoices, coverage for incidentals, 24/7 customer support, whole-company trip insurance and free travel-management software. Its double-sided marketplace connects tens of thousands of active businesses to a network of more than 750,000 hotels, 300 airlines and 40 rental car companies to create a smarter and more rewarding business travel network.
FinSMEs
17/09/2024