TripActions Raises $51 Million
Monday, 12 March 2018 15:56
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From Business Travel News:

Business travel booking and support platform TripActions—which employs a pair of in vogue elements: price-to-beat incentives and chatbots—has raised $51 million in Series B financing, bringing total funding for the platform to almost $80 million. Lightspeed Venture Partners led the latest round, joined by Zeev Ventures. "In order to deliver outstanding service to our travelers and customers, we need to build custom technology to reinvent infrastructure that hasn’t been updated in decades," said co-founder and CEO Ariel Cohen. The company has targeted small and midsize enterprises and, according to VP of supplier relations and alliances Bob Brindley, will scale as its customers do. The company said the latest funds will allow it not only to scale but also to build out its technology and invest in operations globally.