Fenwick & West represented TripActions, Inc., an end-to-end travel management platform designed to offer complete corporate travel planning and support, in its $250 million Series D financing. Led by Andreessen Horowitz with participation from Zeev Ventures, Lightspeed Venture Partners and Group 11 (fka SGVC), the funding increases the company’s valuation to $4 billion.
TripActions will use the funds to solve the antiquated product, service and experience of the corporate travel management industry to bring the best experience in business travel to more enterprises globally. The company will also continue to invest in its global operations to support enterprises and their employees traveling from, to and within APAC, EMEA and the Americas. More information aboutTripActions’ $250 million Series D financing can be obtained from the company press release.
The Fenwick transaction team was led by corporate lawyers Cynthia Hess, Yael Perl and Jesse King.