Fenwick Represents TripActions in $125 Million Convertible-to-IPO Financing

Fenwick represented TripActions, a leading cloud-based corporate travel and expense management platform, in its $125 million convertible-to-IPO financing led by Greenoaks Capital with participation from Vista Credit Partners.

The funding gives TripActions more flexibility to weather COVID-19 while accelerating investments in TripActions Liquid and expanding its global enterprise sales and European operations to take the market.

More information can be obtained from the company’s announcement.

The Fenwick transaction team included corporate partners David Michaels and Cindy Hess and associates Jordan Roberts, Yael Li-Ran Perl and Ivan Au.