Corporate Travel Executives Struggle To Make Sense Of Latest Investments In TripActions, And Its $4 Billion Value

Corporate travel executives are thoroughly baffled by what a quartet of venture capitalists see in TripActions. Determining the literally unbelievable $4 billion valuation that TripActions claimed last month must have been way more "art" than "science."

A June 27 TripActions announcement included the also shocking statement that Andreessen Horowitz, Group 11, Lightspeed Venture Partners and Zeev Ventures put $250 million more into the company. Total funding now tops $480 million.

On the day of the announcement, Group 11 founding partner Dovi Frances wrote, "We strongly believe that TripActions has all the ingredients required to become . . .

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Jay Campbell

Author: Jay Campbell

Jay Campbell in 2004 created travel business newsletter The Beat, in 2006 co-founded Travel Procurement magazine and in 2010 integrated them with Business Travel News. He served as editorial director until 2013. Jay made his travel industry media debut in 1993 at the Air Travel Journal of Boston while earning his undergraduate degree in journalism at Boston University.

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Steve Sedgwick
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Steve Sedgwick

Very good points being made. Regardless of whether the valuation is $4 billion or $100 million, a new online booking tool in the market place will challenge the status quo. We do not need to look too far outside this industry to see titans fall. What seems to be driving the valuation is no one wants to waste time and money on higher fares, struggle with finding the lowest airfares and hotel rates, and keep track of which OBT has what API to preferred vendors. The fact is, legacy OBTs are so broken that some found it best to convince… Read more »