SoftBank-backed travel tech firm TravelPerk has acquired U.S.-based travel management platform AmTrav in a strategic move to bolster its expansion efforts in the U.S. market. The acquisition is accompanied by a significant $135 million funding round, led by Blackstone Credit and Blue Owl Credit. The funding, which includes a new credit facility, will support TravelPerk's growth initiatives and enhance its service offerings. TravelPerk's co-founder and CEO, Avi Meir, has been actively discussing the deal, highlighting its importance for the company's future trajectory.
โ๏ธ TravelPerk (@travelperk) doubles down on US market with AmTrav (@AmTrav) acquisition and secures $135M funding led by Blackstone Credit & Insurance, Blue Owl Credit ๐ต๐ @avimeir https://t.co/kYzqcLOr9A #tech #funding #startups #travel #news #USstartups
Business travel management platform @travelperk has acquired Amtrav, as the European unicorn looks to further its expansion in the U.S. Co-founder and CEO @avimeir joins @cnbcKaren and @steve_sedgwick to discuss the deal https://t.co/0fScnsKT4U
๐ฃ Big news today from @travelperk, announcing it acquired US-based platform @AmTrav! ๐ซ ๐บ๐ธ The company also announced a new credit facility of $135m from @blackstone and @BlueOwlCapital ๐Congrats @avimeir and team! https://t.co/6oXkQJETQs
TravelPerk acquires AmTrav in a strategic move to enhance its US expansion efforts, with a substantial $135M backing from Blackstone and Blue Owl.
TravelPerk acquires AmTrav to accelerate US expansion and announces new $135m backing from Blackstone and Blue Owl https://t.co/ZzEwZQ1jOv https://t.co/OqZHMqVtul
SoftBank-backed travel tech firm TravelPerk acquires U.S. rival and bags $135 million for expansion https://t.co/sFsQl7v8Wu