What’s Behind The Huge Investment In TripActions?

It's no longer surprising to see new entrants in the corporate travel space pull down big investments. Funding announcements for brand new and somewhat new players seem to come weekly. Still, the latest investment in TripActions was eye-popping. VC firm Andreessen Horowitz last week announced a $154 million, Series C investment at a $1 billion valuation.

The TripActions story so far is about aggressive marketing, slick user-facing technology, a perception that traditional competitors move too slowly and an impressive early sales trajectory. Positioned as a TMC and booking tool all in one, TripActions appears to be . . .

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Author: David Jonas

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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Chris Dane
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Chris Dane

… and SMEs are fertile ground and higher margin-business due to lower cost to service.