In addition to the funding round, the Barcelona-based startup revealed it acquired Yokoy, a Swiss spend management platform, a deal that will see it expand its reach into financial services and become a more unified travel and expenses platform.
As a result of the acquisition, Yokoy investor Sequoia Capital will join TravelPerk's cap table alongside existing investors General Catalyst, Kinnevik, Softbank's Vision Fund and Blackstone.
TravelPerk said the fresh cash would be used to accelerate growth, fuel expansion in the U.S. market and investment in product, tech and artificial intelligence.