TravelPerk Acquires AmTrav, Secures $135M Funding from Blackstone and Blue Owl for U.S. Expansion

Jun 18, 2024, 06:56 AM

SoftBank-backed travel tech firm TravelPerk has acquired U.S.-based travel management platform AmTrav in a strategic move to bolster its expansion efforts in the U.S. market. The acquisition is accompanied by a significant $135 million funding round, led by Blackstone Credit and Blue Owl Credit. The funding, which includes a new credit facility, will support TravelPerk's growth initiatives and enhance its service offerings. TravelPerk's co-founder and CEO, Avi Meir, has been actively discussing the deal, highlighting its importance for the company's future trajectory.