Jack Murphy’s Post

Exciting Updates in #BusinessTravel- TravelPerk acquired AmTrav 🌎 This strategic move unites two innovative leaders in corporate travel: TravelPerk's Avi Meir and AmTrav's Jeff Klee. 🌍✈️ Supported by a $135M credit facility from Blackstone and Blue Owl, plus a recent $104M funding from SoftBank, #TravelPerk is set for exponential growth in the U.S., now their top revenue-generating region. 🌟 What's in store ❔ 🌐 Global Reach: The AmTrav brand stays, with Jeff Klee and Craig Fichtelberg continuing their leadership. 🤝 Team Growth: Their combined team has 1,200 employees globally, with a strong U.S. presence. 💡 Innovation: They'll leverage proprietary tech and AI to deliver top-tier travel solutions. Jeff Klee: "AmTrav's customers will benefit from TravelPerk's global reach and culture of innovation. Together, we'll enhance business travel through technology and human touch." #BusinessTravel #AmTrav #MergeAndAquizition #TravelTech #AI

Business travel management platform TravelPerk has just secured an impressive $104M in funding, further solidifying its position as a leading player in the travel tech industry. This significant investment will undoubtedly enable TravelPerk to expand its global reach, enhance its product offerings, and continue to provide innovative solutions for businesses seeking to streamline their travel management processes. 💼✈️💰 In today's fast-paced business world, having access to a reliable and efficient travel management platform is essential for companies of all sizes. With TravelPerk's latest financial backing, businesses can look forward to even more advanced features and capabilities that will make booking, managing, and analyzing business travel easier and more cost-effective than ever before. 💻📊📈 As the demand for seamless and customizable travel solutions continues to grow, TravelPerk's latest funding round is a clear indicator of the company's dedication to meeting the evolving needs of its clients and staying ahead of the curve in the competitive travel tech market. Congratulations to the team at TravelPerk on this significant milestone! #BusinessTravel #TravelTech #FundingRound 🌍🌐🚀

🚀 Big News from RateGain! 🔹 Capital Boost: RateGain raises INR 600 Crores for strategic growth in the travel and hospitality industry. 🔹 Future Vision: Funds to enhance AI-driven tech solutions, revolutionizing guest experiences and revenue management. 🔹 Industry Impact: A significant step for RateGain in strengthening its position as a global SaaS leader. Read the PR for more information! #RateGain #TravelTech #HospitalityGrowth #InnovationInTravel

Learn what's next for Direct Travel after its acquisition by a VC name in the corporate travel space.

😀 Congratulations to Goodwings !! 💚 It is really great to see that there are travel SaaS tools that SME companies can use for addressing real climate action and reporting (instead of playing with numbers)! #sustainability #sustainabletravel #sustainabilityreporting #esg #esgreporting

Breaking News: TravelPerk lands a whopping $104 million in funding, with SoftBank leading the charge! Valuation hits $1.4 billion – a big deal in today's market. Kudus to Avi Meir & the team for showing resilience in a tough economy. This round is not just about money, it's a nod to TravelPerk's strength and potential in the travel tech space. About TravelPerk: Founded in 2015 in Barcelona, they offer an all-in-one platform for managing business travel efficiently. The company has been innovating constantly, even through challenging times. Here’s to soaring higher, TravelPerk! #TravelTech #Innovation #BusinessTravel

Massive congratulations to HERmesa portfolio company Byway and CEO and Founder Cat Jones on raising a £5m oversubscribed Series A funding round! Byway is the first tech platform for 100% flight free holidays. Byway makes it easy to go on multi-stop, journey-based holidays that are fully personalised to the holidaymakers’ interests and take in destinations off the beaten track. We are so proud of how far Byway has come since HERmesa first invested in its pre-seed round in March 2021. Back then, we saw a hugely impressive founder in Cat Jones and a significant market opportunity in slow travel, with Byway as the first mover... but Cat was still biking tickets across town herself to ensure the on-time departure of her first customers! Fast forward 3 1/2 years and Byway has served well over 4,000 customers with a whopping 95% giving 5 star reviews. What’s more, Byway customers have saved 3,045 tonnes of carbon versus flying which is the equivalent of 18,270 trees. HERMESA investors invest for both profit and purpose and Byway is hugely delivering on both. We spoke with the brilliant Cat Jones CEO and Founder of Byway about her successful fundraise and why she wanted HERMESA investors on her cap table ... even for her over-subscribed Series A round! Q: What are some of the things that the funds from this round will enable you to do? The funds will be used to accelerate the development of Byway’s unique journey-planning technology, JourneyAI, and to fuel its expansion into new regions. Q: Why did you want HERMESA on your cap table?  HERmesa angels have been fabulously helpful since HERmesa first invested in our pre seed, lending expertise by joining advisory groups to support our leadership team and welcoming us to their events. Diversity of thought is crucial to the success of any company. Being a female founded B Corp, having a female-forward and diversity-focused investment network on our cap table is something we're hugely proud of and thankful for. HERmesa investors are very excited to continue to support Byway on its mission to make flight-free travel mainstream. And if you haven’t booked your summer holiday yet, why not have a look on https://www.byway.travel/ for a fabulous multi-stop sustainable trip to destinations off the beaten track? Olga Pantelyat Sneh Shah Emma Blackburn Deborah Gruenberger Zahra Subjally Mikko Hautanen Fei Chin Kaw Sara Tateno Reema Desai Nisha Uduwawela Dolapo Adeyemi Glenda Levin Tatyana Staneva Mandeep Gill Machela Sathekga Tammy Hongyu H. Joanna C. Hannah Grinsted Symmie Swil Stephanie Wetmore Carla F. Avila

Finnish Stayify raises €500K in pre-seed funding to revolutionize travel booking technology Stayify, a Helsinki-based travel technology company, recently concluded a pre-seed funding round amassing over €500K, primarily sourced from more than €300K of fresh capital, co-founder contributions, various financial instruments, Finnish state grants, and startup programs. Founded by Thomas Tallskog and Pekka Koponen, Stayify specializes in a revolutionary Booking Engine designed to consolidate diverse travel services onto a user-friendly platform. This substantial investment will propel the company’s growth trajectory, facilitate technological advancements, and aid global expansion efforts. Stayify plans to allocate the funding predominantly towards product development, team expansion initiatives, and bolstering its presence in key markets globally, aligning with their mission to redefine the online sales landscape for hotels, resorts, and travel operators. https://lnkd.in/df3FncSA #funding #nordicmade #finland #startups #traveltech #paas #saas #booking #bookingplatform #trending

M&A offers, deals and structures I've seen lately in the travel industry. Follow me to track travel M&A deals.   Business: OTA / Travel Marketplace Revenue Model: Transactional  Travel Vertical: Leisure Travel The Offer: 1.8x GBV for a majority 50%+ of the business, Enterprise Value >$50M   Business: Traditional Travel Agency Revenue Model: Transactional Travel Vertical: Leisure and Business Travel The Offer: 3x-4x EBITDA, Enterprise Value <$25M   Business: B2B Travel Tech Company Revenue Model: Subscription recurring Travel Vertical: Business Travel The Offer: 7x NET Revenue, Enterprise Value >$100M   Business: B2B Travel Tech Company Revenue Model: Transactional Travel Vertical: Multi-Vertical in Travel The Offer: 1x NET Revenue, Cash + 2 year earnout, Enterprise Value <$10M   Business: B2C, Travel & Tourism Company Revenue Model: Transactional Travel Vertical: Leisure Travel The Offer: 3.5x EBITDA, Cash + Deferred payments for 2-years, Enterprise Value <$5M   Business: B2C Travel Company Revenue Model: Subscription Travel Vertical: Leisure Travel The Offer: 8x EBITDA, Cash + Debt for a majority 51%+ of the business, Enterprise Value >$100M I help travel CEOs build sellable companies. 1) Travel Acceleration Program - Start/Grow 2) CEO Coaching for travel executives, founders. Prepare to sell. 3) Travel M&A - Buy-side and Sell-side. #travel #traveltech #traveltechnology #travelindustry #investment #startups #technology #innovation #mergersandacquisitions #ceos #ceo #india

Following on from a record breaking 2023, winning awards within our industry and outside. Travel Counsellors reputation couldn't be higher and this year is our 30th year. Who are we? we're a travel community with over 2000 Travel Counsellors and in 6 different countries, a Head Office team to support us and ultimately you as my customer. You can ask me a question and if I can't answer it with over 20 years travel experience I'll get the answer from my willing community, if they can't get the answer, the answer isn't to be found. If you haven't found Travel Counsellors, if you find searching for holidays and travel a long process, too much hassle, let's chat and share a cuppa! The news we're investing into new technology is music to my ears as makes my job easier to help you, to communicate with you in this busy and digital world. The fact I have over 70 readymade sample itineraries to share also helps. Looking to plan your 2024, looking to go somewhere different and not sure where, looking to return to your favourite happy place and find booking a hassle. Try upgrading your 2024 Travel to a Travel Counsellor experience. #trustedtraveladvisor #tcexperience #travelplans #travelplans2024 #nefollowers #northeasttravelagent