"We think this is a very big market. We've sized it at about $200 billion, between the U.S. and Europe, of directly addressable market, SME and mid-market," Carolina Brochado, found partner and deputy head of EQT's growth fund, told CNBC.
"We think that, out of that $200 billion, about half of that is unmanaged. So, it's you and me at a company going to Booking.com for the hotel, going to Expedia for the flight. This is a very fragmented, disjointed experience."
Despite reaching scale with over 1,500 employees and a $2.7 billion valuation, Taunay-Bucalo said TravelPerk is in no rush for an IPO and is primarily focused on keeping customers happy.