TravelPerk raises $200M, buys Swiss spend management leader Yokoy

Spanish tech star TravelPerk has raised a whopping $200mn and sealed the acquisition of expenses platform Yokoy. The investment values TravelPerk at $2.7bn — almost double last year’s $1.4bn valuation. The business travel giant said the funds would fuel further product development and expansion into the US. European VC firm Atomico led the Series E investment. Alongside the cash injection, TravelPerk announced the purchase of Yokoy, a Swiss startup that’s become a market leader in expense management. TravelPerk will now integrate Yokoy into one automated platform for travel and expenses. “Customers don’t have to compromise anymore,” said JC Taunay-Bucalo, TravelPerk’s…

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