TravelPerk, a European corporate travel booking platform, told CNBC it has acquired Chicago-based startup AmTrav to help further its expansion in the U.S. market.
LONDON — TravelPerk, a European corporate travel booking platform, told CNBC on Tuesday it has acquired Chicago-based startup AmTrav to help further its expansion in the U.S.AmTrav, which operates in the same space as TravelPerk, will continue to operate under the same brand and its entire team will continue with the business.
"Currently, the U.K. is our biggest market," Meir said in an interview with CNBC, pointing to the firm's 2021 purchase of British corporate travel startup of Click Travel as the catalyst for its growth in Britain.Going forward, Meir said, TravelPerk's takeover of AmTrav will help support a"deep localization strategy" in the U.S., and enable it to offer customers"better rates and inventory options through deeper relationships with suppliers.
"Travellers want to do everything themselves until they don't — when you get to airport, if there's a hurricane , you want someone to get you out of that mess ... the service point is very important." With the extra $135 million in financing from Blackstone and Blue Owl, the firm's total funding raised in 2024 now stands at $240 million."We are pleased to provide capital that will enable TravelPerk to further execute on the company's global growth strategy," Kurt Tenenbaum, managing director at Blue Owl Capital, told CNBC.