Navan, Inc.: Difference between revisions
JP Miller1 (talk | contribs) Removed some of the article content that was written like an advertisement. |
added funding news and new customers |
||
| Line 59: | Line 59: | ||
The [[Palo Alto, California]] based travel company, TripActions Inc., was founded in 2015 by Ariel Cohen and Ilan Twig (also the founders of [http://www.streamonce.com StreamOnce], acquired by [[Jive Software]]).<ref>{{cite web|url=https://techcrunch.com/2017/01/24/tripactions-raises-14-6-million-for-corporate-travel-booking/|title=TripActions raises $14.6 million for its corporate travel booking tool|website=TechCrunch|last1=Roof|first1=Katie|accessdate=6 July 2017}}</ref> |
The [[Palo Alto, California]] based travel company, TripActions Inc., was founded in 2015 by Ariel Cohen and Ilan Twig (also the founders of [http://www.streamonce.com StreamOnce], acquired by [[Jive Software]]).<ref>{{cite web|url=https://techcrunch.com/2017/01/24/tripactions-raises-14-6-million-for-corporate-travel-booking/|title=TripActions raises $14.6 million for its corporate travel booking tool|website=TechCrunch|last1=Roof|first1=Katie|accessdate=6 July 2017}}</ref> |
||
In January 2016, TripActions received 14.6 Million [[series A round]] led by Oren Zeev |
In January 2016, TripActions received 14.6 Million [[series A round]] led by Oren Zeev with [[Lightspeed Venture Partners]]. The company officially launched out of stealth mode and announced their funding in January 2017.<ref>{{cite web|url=https://skift.com/2017/01/26/tripactions-raises-14-million-business-travel-booking-travel-startup-funding-this-week/|title=TripActions Raises $14 Million to Trim Rogue Bookings|website=Skift|last1=O'Neill|first1=Seab|accessdate=10 July 2017}}</ref> Then in October 2017, the company shared that they raised an additional $12.5 Million this time led by Lightspeed. |
||
The company |
The company since announced a $51 Million [[Series B]] round led by the same two investors. |
||
The company moved in June 2017 from [[Menlo Park, California]] to a larger office space in [[Palo Alto, California]]. |
|||
==How it works== |
==How it works== |
||
| Line 74: | Line 76: | ||
The system's admin dashboard tracks company spend, potential savings, and employee travel habits. In accordance with [[duty of care]], the admin dashboard features a live map that shows where employees are traveling in real time. Finance and travel teams can contact travelers directly within the application in emergency situations.<ref>{{cite web|url=http://www.ibtimes.com/tripactions-platform-aims-make-booking-business-trips-easier-companies-employees-2479836|title=TripActions: Platform Aims To Make Booking Business Trips Easier For Companies and Employees|website=International Business Times|last1=Moreno|first1=Denisse|accessdate=12 July 2017}}</ref> |
The system's admin dashboard tracks company spend, potential savings, and employee travel habits. In accordance with [[duty of care]], the admin dashboard features a live map that shows where employees are traveling in real time. Finance and travel teams can contact travelers directly within the application in emergency situations.<ref>{{cite web|url=http://www.ibtimes.com/tripactions-platform-aims-make-booking-business-trips-easier-companies-employees-2479836|title=TripActions: Platform Aims To Make Booking Business Trips Easier For Companies and Employees|website=International Business Times|last1=Moreno|first1=Denisse|accessdate=12 July 2017}}</ref> |
||
Their website names clients such as [[SurveyMonkey]], |
Their website names clients such as [[Box (company)]], [[SurveyMonkey]], [[Foursquare]], [[Castlight Health]], [[Malwarebytes]], [[Robinhood Markets|Robinhood]] and [[ThoughtSpot]].<ref name=":1">{{cite web|url=https://tripactions.com|title=TripActions website|last1=|first1=|date=|website=|archive-url=|archive-date=|dead-url=|accessdate=13 July 2017}}</ref> |
||
==Partnerships== |
==Partnerships== |
||
Revision as of 20:23, 14 March 2018
 | This article has multiple issues. Please help improve it or discuss these issues on the talk page. (Learn how and when to remove these messages)
|
 TripActions logo | |
| Company type | Privately Held Company |
|---|---|
| Industry | Corporate Travel Management |
| Founded | March, 2015 |
| Founder | Ariel Cohen (CEO), Ilan Twig (CTO) |
| Headquarters | Palo Alto, California, United States |
Area served | Worldwide |
Key people | Ariel Cohen (CEO) Ilan Twig (CTO) Nancy Atkinson (COO) |
| Website | tripactions |
TripActions is a travel management company for businesses and business travelers. It is described as an end-to-end solution that combines booking technology, an inventory of travel options, 24/7 customer support, and an employee incentive program designed to save companies money.[1] Booking and managing travel can be done on the web or via a smartphone.[2]
History
The Palo Alto, California based travel company, TripActions Inc., was founded in 2015 by Ariel Cohen and Ilan Twig (also the founders of StreamOnce, acquired by Jive Software).[3]
In January 2016, TripActions received 14.6 Million series A round led by Oren Zeev with Lightspeed Venture Partners. The company officially launched out of stealth mode and announced their funding in January 2017.[4] Then in October 2017, the company shared that they raised an additional $12.5 Million this time led by Lightspeed.
The company since announced a $51 Million Series B round led by the same two investors.
The company moved in June 2017 from Menlo Park, California to a larger office space in Palo Alto, California.
How it works
All functionality, including administrative travel management may also be done on the companies web application. Across devices users have the ability to book travel, modify reservations, check travel plans, chat with travel agents, receive real time travel notifications, and expense trips—contacting support for help.[5]
TripActions partners with multiple suppliers in the market to provide users with a wide array of travel selection. Their travel inventory mixes consumer, corporate, and direct options.[6]
The company uses behavioral economics in an attempt to align business and employee objectives by incentivizing travelers to spend more responsibly.[7] Users are shown incentives on each search result with the opportunity to earn 30% equity in every $1 saved for their company. The user's employer keeps the other 70%, attributing to the company's overall savings. Rewards are redeemable for Amazon.com gift cards, future personal travel and business travel upgrades.[6]
The platform uses big data and artificial intelligence to customize inventory and employee incentives for each travel search. Results are prioritized using the company's travel policies, real-time market prices and individual traveler preferences including loyalty program memberships.[8]
The system's admin dashboard tracks company spend, potential savings, and employee travel habits. In accordance with duty of care, the admin dashboard features a live map that shows where employees are traveling in real time. Finance and travel teams can contact travelers directly within the application in emergency situations.[9]
Their website names clients such as Box (company), SurveyMonkey, Foursquare, Castlight Health, Malwarebytes, Robinhood and ThoughtSpot.[10]
Partnerships
The company partredrs with Sabre Corporation and is a member of the Priceline Group Affiliate Network to combine inventories for flights, accommodations, and rental cars from direct, corporate, and consumer sites. Users can access ride-sharing applications Uber and Lyft in their mobile travel itineraries while traveling.[11] Additional partners include Coupa and Expensify for expense management within the platform.
External links
References
- ^ "Meet The Disruptors: TripActions". Business Travel IQ. Retrieved 11 July 2017.
{{cite web}}: Cite has empty unknown parameter:|dead-url=(help) - ^ Wolfe, Bryan. "TripActions Aims to Eliminate Business Travel Nightmares Forever". AppAdvice. Retrieved 10 July 2017.
- ^ Roof, Katie. "TripActions raises $14.6 million for its corporate travel booking tool". TechCrunch. Retrieved 6 July 2017.
- ^ O'Neill, Seab. "TripActions Raises $14 Million to Trim Rogue Bookings". Skift. Retrieved 10 July 2017.
- ^ Magistretti, Bérénice. "TripActions launches its business travel app and unveils a $14.6 million round". VentureBeat. Retrieved 12 July 2017.
- ^ a b Harrison, Kate. "After $14.6M Raise In 2016, A New Corporate Travel Rewards Program Arrives On The Scene". Forbes. Retrieved 2 July 2017.
- ^ West, Elizabeth. "Startup Ditches Mega for App Solution". Business Travel News. Retrieved 11 July 2017.
- ^ "Finding the Balance: Why We Focus on Employee Experience and Company Savings". Business News Daily. Retrieved 9 July 2017.
- ^ Moreno, Denisse. "TripActions: Platform Aims To Make Booking Business Trips Easier For Companies and Employees". International Business Times. Retrieved 12 July 2017.
- ^ "TripActions website". Retrieved 13 July 2017.
{{cite web}}: Cite has empty unknown parameter:|dead-url=(help) - ^ "Corporate Travel, Online With Ease And Savings". PYMNTS.com. Retrieved 10 July 2017.