"TravelPerk Raises $104M to Accelerate Corporate Travel Innovation"

TravelPerk, a business travel management platform, has raised $104 million in a financing round led by SoftBank’s Vision Fund 2, giving the company a valuation of $1.4 billion. The funding, part of a Series D round, reflects a flat post-money valuation compared to two years ago. Despite the pandemic's impact on travel, TravelPerk has seen growth and plans to invest in its core product. SoftBank's investment signals potential ramp-up in funding activities, and TravelPerk's CEO emphasizes a long-term company vision over immediate IPO plans.