Total amount raised
$4.2 Billions
Latest funding date
2/1/2025
Location
Expedia has successfully raised significant funding through various rounds, with notable investors including Apollo and Silver Lake. The platform offers a comprehensive range of travel services, from booking airline tickets to vacation packages.
Keep reading to explore the intricacies of Expedia's fundraising journey and the investors backing this influential travel platform.
What Is Expedia?
Expedia, founded in 1996 in Seattle, Washington, is a leading online travel agency. The company was established to provide a comprehensive range of travel services, including hotel reservations, airline tickets, and vacation packages.
With a workforce exceeding 10,000 employees, Expedia has grown significantly since its inception. The platform connects travelers with a variety of travel options, ensuring they find the best value for their trips.
Although the founders' names are not explicitly mentioned, Expedia's impact on the travel industry is undeniable. The company continues to innovate, offering tools and technology to enhance the travel experience.
How Much Funding Has Expedia Raised?
- Private Equity Round
- Amount Raised: $60M
- Date: June 2000
- Lead Investors: TCV
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support early-stage growth and expansion efforts.
- Post-IPO Equity
- Amount Raised: $1.2B
- Date: April 2020
- Lead Investors: Apollo, Silver Lake
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To strengthen financial flexibility and liquidity during the COVID-19 pandemic.
- Post-IPO Debt
- Amount Raised: $2B
- Date: April 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To bolster financial strength amid the COVID-19 crisis.
- Post-IPO Debt
- Amount Raised: $985M
- Date: February 2025
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing operations and strategic initiatives.
Total Amount Raised: $4.245B. Current Valuation: Not publicly disclosed.
Key Investors
- Apollo Global Management
- Details: Apollo Global Management is a global alternative investment manager. The firm focuses on private equity, credit, and real assets.
- Investment Focus Areas: Private equity, credit, real assets.
- Notable Investments: ADT, Rackspace, McGraw-Hill Education.
- Silver Lake
- Details: Silver Lake is a private equity firm specializing in technology investments. The firm has a significant presence in the technology and technology-enabled industries.
- Investment Focus Areas: Technology, software, data.
- Notable Investments: Dell Technologies, Airbnb, Twitter.
- TCV
- Details: TCV is a leading provider of growth capital to technology companies. The firm partners with companies at various stages of growth.
- Investment Focus Areas: Technology, internet, software.
- Notable Investments: Netflix, Facebook, Spotify.
What's Next for Expedia?
Expedia's future is brimming with opportunities, especially as the travel industry gears up for a post-pandemic recovery. With $3.2 billion in fresh capital, the company is well-positioned to stabilize and expand. This financial cushion allows Expedia to invest in technology, improve customer experience, and potentially explore new markets. The appointment of Peter Kern as CEO and Eric Hart as CFO brings experienced leadership to navigate these opportunities.
Future fundraising could be on the horizon, especially if the travel industry's recovery is slower than anticipated. Additional equity investments or debt financing might be necessary to maintain financial flexibility. However, the company faces challenges such as managing high call volumes, cancellations, and the uncertainty of travel demand rebounding. Strategic acquisitions and partnerships could also play a role in strengthening Expedia's market position.
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