TravelPerk: Atomico Leads $200 Million Series E Round
Deal News | Feb 10, 2025 | Orrick
European venture capital firm Atomico has taken the lead in a $200 million Series E funding round for TravelPerk, a business travel platform. The financing round, which also saw participation from EQT Growth, Noteus Partners, and existing investors such as Kinnevik and General Catalyst, has elevated TravelPerk's valuation to $2.7 billion. Atomico, founded by Skype co-founder Niklas Zennström, focuses on backing transformative technologies. Orrick provided legal advisory services for the transaction. TravelPerk, known for its comprehensive SaaS platform, aims to revolutionize business travel by balancing traveler freedom with corporate control, promising efficiency and cost savings.
Sectors
- Venture Capital
- Business Travel Services
- Software as a Service (SaaS)
Geography
- Europe – Both Atomico and TravelPerk are European companies, operating within the broader European market.
Industry
- Venture Capital – The article highlights Atomico, a venture capital firm, leading a significant investment round.
- Business Travel Services – The focus of the investment is TravelPerk, a platform specializing in business travel management.
- Software as a Service (SaaS) – TravelPerk operates as a SaaS platform, providing comprehensive services for corporate travel needs.
Financials
- $200 million – The amount raised in the Series E funding round led by Atomico.
- $2.7 billion – The valuation of TravelPerk following the Series E funding round.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Atomico | Lead Investor | Company | A European venture capital firm founded by Skype co-founder Niklas Zennström. |
| TravelPerk | Target Company | Company | A SaaS business travel platform aiming to optimize corporate travel efficiency. |
| EQT Growth | Co-Investor | Company | A growth-stage investment firm participating alongside Atomico. |
| Noteus Partners | Investor | Company | An investment firm participating in the funding round. |
| Kinnevik | Existing Investor | Company | An existing investor in TravelPerk that participated in the Series E round. |
| General Catalyst | Existing Investor | Company | An existing investor in the funding round. |
| Orrick | Legal Advisor | Company | Provided legal advisory services for Atomico in the transaction. |