Navan, Inc.: Difference between revisions
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In May 2015, TripActions received a $4 million Seed round led by Zeev Ventures with participation from [[Dovi Frances]] and Lightspeed Venture Partners. |
In May 2015, TripActions received a $4 million Seed round led by Zeev Ventures with participation from [[Dovi Frances]] and Lightspeed Venture Partners. |
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In January 2016, TripActions received $14.6 million [[series A round]] led by Oren Zeev Ventures and [[Lightspeed Venture Partners]] with participation from |
In January 2016, TripActions received $14.6 million [[series A round]] led by Oren Zeev Ventures and [[Lightspeed Venture Partners]] with participation from Group 11. 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 with participation from Zeev Ventures and Group 11.<ref>{{Cite news|url=https://www.forbes.com/sites/omribarzilay/2017/10/04/tripactions-raises-27m-to-transform-the-1-3t-business-travel-industry/#7218e70773b7|title=TripActions Raises $27M To Transform The $1.3T Business Travel Industry|last=Barzilay|first=Omri|work=Forbes|access-date=2018-03-14|language=en}}</ref> |
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The company announced a $51 million [[Series B]] round led by the same two investors with participation from prior investors.<ref>{{Cite news|url=https://www.cnbc.com/2018/03/07/tripactions-plots-expansion-with-51-million-investment.html|title=Start-up TripActions raises $51 million to take on corporate travel giants|last=Josephs|first=Leslie|date=2018-03-07|work=CNBC|access-date=2018-03-14}}</ref> |
The company announced a $51 million [[Series B]] round led by the same two investors with participation from prior investors.<ref>{{Cite news|url=https://www.cnbc.com/2018/03/07/tripactions-plots-expansion-with-51-million-investment.html|title=Start-up TripActions raises $51 million to take on corporate travel giants|last=Josephs|first=Leslie|date=2018-03-07|work=CNBC|access-date=2018-03-14}}</ref> |
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In September 2018, the company opened an office in Sydney, Australia. |
In September 2018, the company opened an office in Sydney, Australia. |
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In November 2018, the company announced a valuation north of $1 billion and a $154 million Series C funding round led by new investor Andreessen Horowitz, with participation from repeat investors Lightspeed Venture Partners, Zeev Ventures and |
In November 2018, the company announced a valuation north of $1 billion and a $154 million Series C funding round led by new investor Andreessen Horowitz, with participation from repeat investors Lightspeed Venture Partners, Zeev Ventures, and Group 11.<ref>{{Cite news|url=https://tripactions.com/tripactions-raises-154m-at-over-1b-valuation|title=Rapid customer growth momentum propels new-era corporate travel management company TripActions to $154M raise with valuation north of $1B|date=2018-11-08|work=TripActions|access-date=2018-11-15}}</ref> They also announced the addition of [[Ben Horowitz]] to their Board of Directors. |
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In February 2019, the company announced its new flight storefront in alignment with major airline partners and industry association ATPCO.<ref>{{Cite news|url=https://tripactions.com/blog/new-standard-for-booking-flights/|title=A New Standard for Booking Flights|date=2019-02-05|work=TripActions|access-date=2019-02-05}}</ref> The storefront includes branding and imagery of cabin classes and amenities for each airline. It works for domestic and international flights, including international to international itineraries, and for flights on joint venture partners of American, Delta and United.<ref>{{Cite news|url=https://skift.com/2019/02/05/tripactions-adopts-u-s-airlines-next-generation-storefront-effort/|title=TripActions Adopts U.S. Airlines’ Next-Generation Storefront Effort|date=2019-02-05|work=Skift|access-date=2019-02-05}}</ref> |
In February 2019, the company announced its new flight storefront in alignment with major airline partners and industry association ATPCO.<ref>{{Cite news|url=https://tripactions.com/blog/new-standard-for-booking-flights/|title=A New Standard for Booking Flights|date=2019-02-05|work=TripActions|access-date=2019-02-05}}</ref> The storefront includes branding and imagery of cabin classes and amenities for each airline. It works for domestic and international flights, including international to international itineraries, and for flights on joint venture partners of American, Delta and United.<ref>{{Cite news|url=https://skift.com/2019/02/05/tripactions-adopts-u-s-airlines-next-generation-storefront-effort/|title=TripActions Adopts U.S. Airlines’ Next-Generation Storefront Effort|date=2019-02-05|work=Skift|access-date=2019-02-05}}</ref> |
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Revision as of 20:23, 24 June 2019
 | This article contains content that is written like an advertisement. (July 2017) |
 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 (Chief Travel Officer) Meagen Eisenberg(CMO) Rich Liu (CRO) Leslie Kurkjian Crowe(CPO) |
| Website | tripactions |
TripActions is a travel management company for businesses and business travelers.[1] Booking and managing travel can be done on the web or via a smartphone app.[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 May 2015, TripActions received a $4 million Seed round led by Zeev Ventures with participation from Dovi Frances and Lightspeed Venture Partners.
In January 2016, TripActions received $14.6 million series A round led by Oren Zeev Ventures and Lightspeed Venture Partners with participation from Group 11. 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 with participation from Zeev Ventures and Group 11.[5]
The company announced a $51 million Series B round led by the same two investors with participation from prior investors.[6]
The company moved in June 2017 from Menlo Park, California to their headquarters in Palo Alto.[7] In July 2018, TripActions announced their international expansion to Europe with an office in London and their European headquarters in Amsterdam.[8] They shared potential plans to expand to the Asia-Pacific region to scale their customer support infrastructure.[9]
In September 2018, the company opened an office in Sydney, Australia.
In November 2018, the company announced a valuation north of $1 billion and a $154 million Series C funding round led by new investor Andreessen Horowitz, with participation from repeat investors Lightspeed Venture Partners, Zeev Ventures, and Group 11.[10] They also announced the addition of Ben Horowitz to their Board of Directors.
In February 2019, the company announced its new flight storefront in alignment with major airline partners and industry association ATPCO.[11] The storefront includes branding and imagery of cabin classes and amenities for each airline. It works for domestic and international flights, including international to international itineraries, and for flights on joint venture partners of American, Delta and United.[12]
In February 2019, the company announced the additions of Meagen Eisenberg as Chief Marketing Officer and Leslie Kurkjian Crowe as Chief People Officer to their executive board.[13]
In February 2019, TripActions was recognized as one of Fast Company's Most Innovative Companies in Travel for 2019.[14]
In June 2019, the company announced its NDC-enabled platform in partnership with United Airlines. [15]
How it works
All functionality, including administrative travel management may be done through desktop and mobile application. Users have the ability to book travel, modify reservations, track travel itineraries, chat with travel support agents, receive real-time travel notifications, and expense trips.[16]
TripActions partners with multiple suppliers in the market to provide users with a wide array of travel selection. Their travel inventory comes from consumer, corporate, and direct integrations.[17]
The platform uses artificial intelligence and machine learning to optimize booking results, inventory and the support experience. Results are prioritized using the company's travel policies, real-time market prices and individual traveler preferences including loyalty program memberships.[18]
The system's admin dashboard tracks company spend, potential savings, and employee travel patterns. 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.[19]
Their website names clients such as Dropbox, Lyft, Sara Lee Frozen Bakery, WeWork, SurveyMonkey, Andela, Castlight Health, Malwarebytes, Robinhood, and Procore.[20]
Partnerships
The company partners with Sabre Corporation and is a member of the Priceline Group Affiliate Network as well as the Expedia, Inc. Partner Network to combine inventories for flights, accommodations, and rental cars from direct, corporate, and consumer sites. Users can access mobile apps for Uber and Lyft in their mobile travel itineraries while traveling.[21] Additional partners include Coupa and Expensify for expense management within the platform.
External links
References
- ^ Sheivachman, Andrew (18 July 2018). "TripActions Expands Globally With a Focus on Service". Skift. Retrieved 18 July 2018.
{{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.
- ^ Barzilay, Omri. "TripActions Raises $27M To Transform The $1.3T Business Travel Industry". Forbes. Retrieved 2018-03-14.
- ^ Josephs, Leslie (2018-03-07). "Start-up TripActions raises $51 million to take on corporate travel giants". CNBC. Retrieved 2018-03-14.
- ^ Josephs, Leslie (2018-03-07). "Start-up TripActions raises $51 million to take on corporate travel giants". CNBC. Retrieved 2018-03-14.
- ^ Sheivachman, Andrew (18 July 2018). "TripActions Expands Globally With a Focus on Service". Skift. Retrieved 18 July 2018.
{{cite web}}: Cite has empty unknown parameter:|dead-url=(help) - ^ Habtemariam, Dawit (24 July 2018). "TripActions Opens First Non-U.S. Offices". Business Travel News. Retrieved 18 July 2018.
{{cite web}}: Cite has empty unknown parameter:|dead-url=(help) - ^ "Rapid customer growth momentum propels new-era corporate travel management company TripActions to $154M raise with valuation north of $1B". TripActions. 2018-11-08. Retrieved 2018-11-15.
- ^ "A New Standard for Booking Flights". TripActions. 2019-02-05. Retrieved 2019-02-05.
- ^ "TripActions Adopts U.S. Airlines' Next-Generation Storefront Effort". Skift. 2019-02-05. Retrieved 2019-02-05.
- ^ "Accelerating TripActions Growth: One Great Travel Experience at a Time". TripActions. 2019-02-12. Retrieved 2018-11-15.
- ^ "The World's Most Innovative Companies 2019". Fast Company. 2019-02-21. Retrieved 2019-02-21.
- ^ "TripActions launches NDC platform in partnership with United Airlines". Phocuswire. 2019-06-11. Retrieved 2019-06-11.
- ^ Magistretti, Bérénice. "TripActions launches its business travel app and unveils a $14.6 million round". VentureBeat. Retrieved 12 July 2017.
- ^ Harrison, Kate. "After $14.6M Raise In 2016, A New Corporate Travel Rewards Program Arrives On The Scene". Forbes. Retrieved 2 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.