It is an action against the tide of trends. TripActions, the business travel specialist, has just completed a $304 million (€309 million) fundraising. Since 2020, the startup founded by Ariel Cohen and Ilan Twig has doubled its valuation to $9.2 billion. In detail, the operation consists of a capital increase of 154 million carried out by investment funds, including Andreessen Horowitz and Premji Invest, and a convertible debt of 150 million invested by Coatue.
The size of the valuation shows the current trend of the market, while investors are more and more alert. And this is not the only paradox of this action. TripActions specializes in business travel management, a sector that has been particularly hard hit by the restrictions and which is likely to be hit by a slowdown in the global economy. But it is precisely this tense context that has enabled TripActions to gain…
Source: Le Figaro
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.