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Business Travel FinTech Information Technology Mobile Payments Payments Western Europe

Pleo Raises $150M in Series C Funding

– Pleo is a Danish born provider of expense management tool and smart company cards.
– Company raised $150M in Series C funding.
– The round was co-led by Bain Capital Ventures and Thrive Capital with contributions from Creandum, Kinnevik, Founders, Stripes and Seedcamp.
– The company intends to use the funds to expand its solution across Europe, growing its customer base, invest in its team, which currently stands at 330 people, while iterating its product offering.

Business Travel SaaS Software Ticketing Travel Western Europe

TravelPerk raises $160 million Series D to accelerate global growth

– TravelPerk announced it has raised $160m in Series D funding to fuel the next phase of its rapid global growth.
– The round was led by Greyhound Capital and includes participation from existing investors.
– The funding will be used to accelerate TravelPerk’s mission to create the world’s best travel platform, with a particular focus on growth in the US and Europe and on product innovations designed for the changing needs of travelers and small-medium sized businesses post-pandemic.
– TravelPerk is hiring heavily and, after not making any layoffs during the pandemic, it expects to rapidly grow its 500-person team as the travel market grows through late 2021 and 2022.
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