TripActions, a Menlo Park, California-based business travel solutions provider, raised $14.6m in Series A funding.
The round was led by Zeev Ventures with participation from Lightspeed Venture Partners.
The company intends to use the funds to advance its platform and expand its presence in the corporate travel industry.
Led by Ariel Cohen, Co-Founder and CEO, and Ilan Twig, Co-Founder and CTO, TripActions provides a platform to organize and manage company travel, while rewarding employees for spending consciously. It combines consumer, direct/business inventories for flights, hotels and cars to enable companies to save on their annual travel spend, and employees to earn both loyalty points and personal rewards redeemable for gift cards, upgrades, and travel credit for saving when booking.
The platform features business and personal trip booking via iPhone and Android apps or via the web, live itinerary with direct access to Uber and Lyft on the app, proactive 24/7 US based support via chat, email, and phone, and back office settings that allow CFOs and travel managers to manage the entire travel program including travel policy customization and real-time spend and savings information for flights, hotels, and rental cars.
FinSMEs
24/01/2017