TravelPerk secures $200m funding, acquires Yokoy to enhance AI-driven business travel and expense management

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TravelPerk, a Barcelona-based business travel platform, has secured $200 million in Series E funding in a move that underscores the company’s ambitions to dominate the corporate travel market. The investment round, co-led by EQT Growth and Atomico, also saw participation from Capital, Noteus Partners, General Catalyst, Kinnevik, , and Blackstone, pushing TravelPerk’s valuation to $2.7 billion.

In addition to the funding, TravelPerk has also acquired , a Swiss-based expense management solution, strengthening its position as a leading provider of AI-powered travel and expense . The deal marks a pivotal step toward offering a seamless, integrated platform that addresses growing demands for cost control, automation, and compliance in corporate travel.

Why is TravelPerk expanding its AI-powered business travel platform?

As companies navigate evolving economic pressures and regulatory requirements, demand for smart, automated travel and expense management solutions continues to rise. TravelPerk’s end-to-end platform simplifies the booking, tracking, and reconciliation of business travel expenses, giving enterprises greater control over corporate travel budgets while improving user experience.

With the acquisition of Yokoy, TravelPerk is doubling down on AI-powered automation, integrating advanced spend management and real-time expense tracking into its core platform. This move allows businesses to eliminate inefficiencies in travel spending, reduce administrative burdens, and enhance compliance with corporate policies and tax regulations.

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“Businesses no longer need to choose between an integrated travel solution and a best-in-class expense management tool,” said JC Taunay-Bucalo, TravelPerk’s President and Chief Operating Officer. “With this acquisition, we are delivering an AI-driven platform that simplifies corporate travel while ensuring financial teams maintain full control over spending.”

What does the Yokoy acquisition mean for TravelPerk’s global expansion?

Founded in 2015, TravelPerk has recorded 50% annual growth over the past two years and achieved EBITDA break-even by the end of 2024. The company is now focused on aggressively expanding into the U.S. market, where demand for AI-driven business travel platforms is accelerating.

The integration of Yokoy’s AI-driven spend management will allow TravelPerk to scale faster across key markets in Europe and North America, providing small and mid-sized enterprises with a localized, compliance-ready solution that reduces financial risks and optimizes corporate travel budgets.

According to Carolina Brochado, Partner at EQT Growth, who will be joining TravelPerk’s board, the acquisition further strengthens the company’s competitive position.

“TravelPerk is an undisputed leader in the multi-hundred-billion-dollar corporate travel market, yet many small and mid-sized businesses remain underserved. Their proprietary AI technology enables a seamless, more efficient experience for customers. With Yokoy’s innovation, they are creating a true end-to-end expense management solution that’s built for global scalability,” Brochado noted.

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How will AI and automation shape the future of business travel management?

The rise of artificial intelligence in corporate travel is reshaping how businesses manage expenses, automate workflows, and optimize cost control. TravelPerk’s AI-driven tools, including dynamic travel pricing, automated expense categorization, and predictive budget tracking, are transforming how finance teams approach business travel cost management.

“Our vision has always been to revolutionize how companies manage travel and expenses. With this acquisition, we’re accelerating our mission to offer the most advanced AI-powered travel and expense management solution in the industry,” said TravelPerk CEO and Co-Founder Avi Meir.

Yokoy’s Zurich-based AI labs have been at the forefront of machine learning innovations in financial automation, and their technology will now power TravelPerk’s real-time spending insights, automated fraud detection, and policy compliance enforcement.

As TravelPerk expands its AI capabilities, businesses can expect:

  • Automated compliance checks to reduce regulatory risks.
  • AI-driven cost analysis to enhance budget forecasting.
  • Seamless integrations with accounting platforms for real-time expense reconciliation.
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What’s next for TravelPerk as it scales in the U.S. market?

With this $200 million funding boost, TravelPerk is well-positioned to expand its footprint in the North American business travel market, where demand for intelligent travel and expense management continues to grow.

The company’s next phase of development will focus on:

  • Enhancing AI-powered automation to streamline travel bookings and expense reporting.
  • Expanding partnerships with global enterprises seeking scalable business travel solutions.
  • Investing in predictive analytics to help businesses optimize travel spending.

“Our partnership with Yokoy has already been a success, and we are excited to integrate their cutting-edge AI technology into TravelPerk,” added Meir. “This is just the beginning of a new era for corporate travel and expense management.”

As companies look for more transparent, cost-efficient, and automated travel solutions, TravelPerk’s continued investment in AI-driven innovation is set to redefine the future of business travel and expense management.


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