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TravelPerk raises $160 million as VCs bet on business travel rebound

TravelPerk CEO and co-founder Avi Meir.

TravelPerk

LONDON — Venture capitalists are pumping hundreds of millions of dollars into corporate travel start-ups in the belief that business trips will rebound in 2021.

On Thursday, Barcelona-based TravelPerk announced it had raised $160 million in a new funding round. The investment comprised of both fresh equity and debt financing, and was led by Greyhound Capital. TravelPerk helps small and medium-sized enterprises book flights and manage their expenses through its online platform.

And it’s not the only business travel platform picking up large sums of cash. In January, California-based TripActions raised $155 million

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Discount Airlines Tap Stock Market as Investors Bet on Travel Recovery

As air travel shows more signs of rebounding from its pandemic lows, airlines that focus on offering cheap fares to leisure travelers are cashing in on the stock market.

Frontier Group Holdings Inc.’s initial public offering raised $570 million after shares of the Denver-based budget carrier were priced at $19 each. Sun Country Airlines Holdings Inc., which largely flies Midwesterners to sunny vacation locales, raised more than $250 million in its initial public offering in March.

U.S. airlines lost some $35 billion last year, and most are still losing money. But the stock-market offerings are a sign that investors are

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