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Announced

Completed

Greenoaks led a $275m Series F round in TripActions.

Financials

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Transaction Value£202m
Consideration TypeCash
Capital Owned-
Capital Bid For4%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private Equity

Completed

Private

Single Bidder

Corporate Travel Services

travel management

United States

Acquisition

Domestic

Venture Capital

Friendly

Minority

Synopsis

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Greenoaks, a global internet investment firm based in San Francisco, led a $275m Series F round in TripActions, the fastest-growing travel and spend management platform, with participation from Elad Gil and Base Partners. "TripActions is experiencing massive growth as companies recognize the imperative for consumer-grade tech tools and efficiency that comes from real-time, contextual data. Just as TripActions continues to disrupt the corporate travel market, TripActions Liquid is set to replace traditional spend management solutions. No other company is able to provide a single, unified T&E solution for enterprise companies on a global scale," Ariel Cohen, TripActions CEO.

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