2024 sales: $2.22 billion
Previous ranking: Not ranked
Employees: 1,500 full-time
Carrer dels Almogavers, 160 Sant Marti, 08018
Barcelona, Spain
Phone: + 34 931 227 629
Website Executives
CEO: Avi Meir
CFO: Roy Hefer
PRESIDENT/COO: Jean-Christophe Taunay-Bucalo
CHIEF REVENUE OFFICER: Yasmine Bratt
SVP, ENGINEERING: Robin Smith
SVP, PRODUCT: Jon Hoar
CEO, AMTRAV, A TRAVELPERK COMPANY: Jeff Klee
CEO, YOKOY, A TRAVELPERK COMPANY: Philippe Sahli
COMPANY FACTS
* Privately held.
* Backed by a range of investors, none of whom individually owns a majority of shares.
* A business travel and expense management platform.
* Sales: 100% business.
DEVELOPMENTS
* Acquired travel management company Amtrav (No. 24 on the 2024 Power List) and partnered with SilverRail to enable Amtrak content on its platform.
* Achieved growth and profitability at scale with annualized booking volumes of more than $2.5 billion, annualized revenue of more than $200 million and growth of more than 50% per annum in the last two years. It reached Ebitda break-even at the end of the year.
* Closed its Series E round, raising $200 million in funding, led by Atomico and EQT Growth with Noteus Partners and existing investors, including Kinnevik and General Catalyst, increasing the company's valuation to $2.7 billion.
* Launched its 20th NDC integration in August with Emirates.
* Better served its customers through automation and AI. Embedded AI in its customer care operations has enabled it to serve twice the volume of queries with the same number of agents.
LOOKING AHEAD
* Acquiring Yokoy, an AI-powered expense, invoice and card-payment-processing tool, and integrating other expense management partners.
* Anticipating accelerated growth with continued expansion into the U.S. market and significant investments into product, technology and AI.
* Celebrating its 10th anniversary, rebranding to "break away from the current sea of blue within the industry" and matching the evolving needs of today's diverse workforce.