[UPDATE, Oct. 8, 2021: Capital One acquired Lola's software and hired its team, according to media reports.]

Some high-profile business travel startups are not cutting it. According to its website, Lola.com is suspending existing operations. The doomed service joins Upside Business Travel as a former corporate travel provider founded by an online travel titan.

Lola CEO Mike Volpe and CTO Paul English on their website promised "some exciting news about the next phase for Lola."

Lola partnered with American Express Global Business Travel in 2018. GBT last month . . .

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David Jonas in 2006 co-founded business media firm ProMedia.travel after ten years as a journalist with Business Travel News. David rejoined BTN in 2010 as executive editor when its parent company acquired ProMedia, and in 2014 co-created The Company Dime. David has a bachelor's degree in communications from Cornell University.

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