TripActions reportedly lays off hundreds amid COVID-19 travel freeze

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Travel startups are taking off

The second wave of Internet-era travel companies has captured the attention of venture capitalists. In the last five years, travel companies have raised more than $1 billion in venture capital funding. That includes short-term rental startups, travel and tourism apps, marketplaces for “experiences” and other travel or hospitality tech platforms. Airbnb, a $38 billion company […]

Corporate travel startup TripActions raises $154M at $1B valuation

TripActions, one of the most well-capitalized travel startups in Silicon Valley, has raised yet another round of VC valuing the corporate travel manager at more than $1 billion. Andreessen Horowitz co-founder Ben Horowitz will join TripActions’ board of directors as part of the startup’s $154 million in Series C funding. Lightspeed Venture Partners, Zeev Ventures and […]

TripActions raises $51 million to reward employees who spend less on travel

It turns out that some employees spend more when they can expense it on a corporate card. But some companies are finding that five-star hotels and fancy dinners can add up when it’s for hundreds or thousands of workers. Several startups have emerged to save corporations money, by rewarding employees with cash and gift cards […]