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Israeli travel tech company TripActions raises $275m at $7.25b valuation

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Travel tech company TripActions, founded by Israeli entrepreneurs, raised $275 million in a Series F round at a valuation of $7.25 billion, the company announced on Wednesday.

The growth round was led by San Francisco-based Greenoaks Capital, with participation from serial entrepreneur Elad Gil, who was a former VP of corporate strategy at Twitter, and Brazilian investment firm Base Partners. It brings TripActions’ total fundraising capital to date to $1.3 billion.

Founded in 2015 by Ilan Twig and Ariel Cohen, TripActions set out to overhaul corporate travel, building an AI-powered platform that centralizes trip bookings including flights, hotels, car rentals and transfers, as well as tracks expenses and provides 24/7 personalized global support for executives and employees.

The company said in a statement that the funding underscores “the increased demand for end-to-end, corporate travel, payments, and expense management technology.”

TripActions, based in Palo Alto,........

© The Times of Israel

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