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Israeli-founded but Palo Alto, California-based TripActions is a booking and management platform that offers enterprises real-time data, automated reporting, and insights into business travel and expenses. It has raised a whopping $155M (approx €127.3M) in its series E round of funding.
With this funding, the company is now valued at $5B (approx €4.1B), which is up from the $4B (approx €3.2B) valuation at its series D round 18 months ago.
Investors in this round
The round was co-led by existing investor Andreessen Horowitz; Addition, founded by Lee Fixel; and investor Elad Gil.
In addition, other previous backers joined as well, such as Zeev Ventures, Lightspeed Venture Partners and Greenoaks Capital.