Perk (formerly TravelPerk)
Category: AI Agents
TravelPerk is a business travel platform offering comprehensive travel management solutions. Perk (formerly TravelPerk) was founded in 2015. The company is led by Avi Meir. Based in Boston, MA and London, UK (dual HQ). Total funding raised: Approximately $731M reported equity funding; $300M credit facility announced June 3, 2026, replacing the prior $135M facility. Cumulative debt drawn and combined funding total are unverified.. Latest round: Series E ($200M, Jan 2025 at $2.7B valuation co-led by Atomico and EQT Growth; General Catalyst, SoftBank participated). Key investors include EQT Growth, SoftBank Vision Fund 2, Kinnevik, Felix Capital, General Catalyst, Atomico, Target Global, Spark Capital, Neuberger Speciality Finance, Blue Owl Capital, Blackstone, Noteus Partners.
- Founded
- 2015
- Headquarters
- Boston, MA and London, UK (dual HQ)
- Total funding
- Approximately $731M reported equity funding; $300M credit facility announced June 3, 2026, replacing the prior $135M facility. Cumulative debt drawn and combined funding total are unverified.
Value proposition
Provides an all-in-one platform that gives travelers flexibility while offering companies control over travel management, saving time and money.
Products and solutions
Travel management, Perk Spend for expenses, invoices, cards and payments, expanded to the US September 2026, Perk Events, MCP connector launched July 2026 and expanded August 2026 for travel booking, expense submission and event creation through AI assistants, Entry Ready eVisa/ETA workflow launched July 2026.
Unique value
Proprietary use of AI for faster and smarter service, offering an integrated platform for both travel and expense management.
Target customer
Small and mid-market businesses
Industries served
Corporate travel, Expense management
Technology advantage
AI-driven solutions and strategic partnerships like Yokoy.
How they differentiate
TravelPerk's AI-driven approach and integrated travel and expense management set it apart.
Main competitors
SAP Concur, Navan (formerly TripActions), Egencia (Amex GBT), Ramp
Key partnerships
Yokoy (acquired Jan 2025), Audi F1 Team (sponsorship Dec 2025), BambooHR, Deel, Personio, HiBob, Ramp, Pleo, Spendesk, SAP, Microsoft Dynamics, Abu Dhabi Investment Office (ADIO; regional office partnership, Jun 2026)
Notable customers
Red Bull, GetYourGuide, Aesop, Revolut
Major milestones
Acquisition of Yokoy (Jan 2025), Rebrand to Perk (Nov 2025), Dual HQ in Boston & London, $300M credit facility (Jun 2026), Audi F1 Team sponsorship (Dec 2025), Surpassed $300M annualized revenue
Growth metrics
Surpassed $300M annualized revenue in 2025 with 48% revenue growth; reported mid-70s gross margins in June 2026; approaching $400M annualized revenue as of June 30, 2026; over 12,000 customers as of August 19, 2026; over $1B annual US travel and events transaction value and US contributing 30% of new business as of September 15, 2026; 1,800+ employees.
Market positioning
Positioned as a leader in the digital-native corporate travel market.
Geographic focus
Expanding in the US and core European markets.
Patents and IP
Not explicitly mentioned in available sources.
About Avi Meir
Avi Meir is a seasoned entrepreneur and business leader with a strong background in the travel technology sector. He co-founded TravelPerk in 2015 and has since led its growth to become a leading business travel platform. Prior to TravelPerk, he founded and led Hotel Ninjas, a hotel management software company, which was acquired by Booking.com. His earlier career includes roles in product management and finance, providing him with a well-rounded skill set to lead a fast-growing technology company.
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Official website: https://www.perk.com/