Fundraising. TripActions (travel technology) founded by Israelis. – IsraelValley

TripActions, the American travel technology company that was founded by Israeli entrepreneurs, has raised an additional $300 million in equity and debt financing from investors in a new series funding round G, which values ​​the firm at more than $9 billion, the company announced Wednesday.

TripActions is considering an IPO but did not give a specific timeline. Bloomberg reported in August that the company had filed documents confidentially with the US Securities and Exchange Commission (SEC) in preparation for a scheduled IPO.

TripActions’ new funding round is a combination of $154 million in equity from new and existing financial investors such as Andreessen Horowitz, and $150 million in structured finance led by the investment firm worldwide Coatue Management.

The company raised $275 million at a valuation of $7.25 billion last fall. This latest funding round marks the third fundraising for the company in three years.

The company launched TripActions Liquid in 2020 in the United States. It offers a payment system that combines virtual cards with expense management software, allowing employers to closely track travel budgets and employees to pay for work-related expenses.

“No other company offers a single, unified travel and expense management solution for global enterprises,” says Cohen.

TIMES OF ISRAEL. COPYRIGHTS.

Leave a Comment