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Total amount raised
Latest funding date
2018-07-17
Location
TravelPerk has successfully raised $135 million over 13 funding rounds, achieving a valuation of $2.7 billion. The platform offers a comprehensive solution for managing business travel and expenses through AI-powered automation and real-time insights.
Keep reading to explore the intricacies of TravelPerk's fundraising journey and the investors backing this innovative platform.
Click Travel, Powered by TravelPerk, has raised funding across at least two known investor relationships — the Business Growth Fund (BGF) and Future Fifty — with a multi-million pound PE investment confirmed in 2018. Click Travel was subsequently acquired by TravelPerk in July 2021.
Keep reading to explore Click Travel's fundraising journey, key investors, and what lies ahead.
What Is Click Travel, Powered by TravelPerk?
Click Travel is a Birmingham-based corporate travel management company founded in 1999 by brothers James and Simon McLean. Originally known as Britain's fastest-growing business travel management company, Click Travel's proprietary self-booking platform handles over £300 million in business travel annually for more than 2,000 SMB clients — including Five Guys, Red Bull, and TalkTalk. In July 2021, Click Travel was acquired by Barcelona-based TravelPerk, becoming TravelPerk's third and largest acquisition at the time. It now operates as Click Travel, Powered by TravelPerk.
How Much Funding Has Click Travel, Powered by TravelPerk, Raised?
- Future Fifty Programme Participation
- Round Type: Government-backed scale-up programme (Series Unknown)
- Date: March 2018
- Amount Raised: Undisclosed
- Investor: Future Fifty (Tech Nation / Tech City UK)
- PE Round — BGF Investment
- Round Type: Private Equity (PE)
- Date: July 17, 2018
- Amount Raised: Undisclosed (described publicly as a "multi-million pound investment")
- Lead Investor: Business Growth Fund (BGF)
- Participating Investors: BGF team members — Mark Freer, Aaron Baker, Will Copeland, Tim Rea
Total Amount Raised: Undisclosed — both disclosed rounds list amounts only as "multi-million pound" or undisclosed. Total funding raised could not be computed from publicly available sources.
Key Investors
- Business Growth Fund (BGF)
- Details: BGF is the UK's most active investor in small and mid-sized businesses, having deployed over £2.5 billion across more than 230 companies. BGF's Birmingham team backed Click Travel in July 2018 with a multi-million pound minority stake investment to fast-track growth. BGF exited its investment when TravelPerk acquired Click Travel in July 2021.
- Future Fifty (Tech Nation)
- Details: Future Fifty is a government-backed UK scale-up programme run by Tech Nation (formerly Tech City UK). Click Travel joined the 2018 cohort of 26 companies, which collectively raised $730 million in funding. Future Fifty alumni include Deliveroo, Darktrace, AO, and Skyscanner. Participation is listed by Crunchbase as an investor relationship, though Future Fifty is a non-equity programme.
What's Next for Click Travel, Powered by TravelPerk?
Click Travel, Powered by TravelPerk, is well-positioned to continue expanding its footprint in the UK business travel market. As part of TravelPerk, Click Travel benefits from the parent company's significant global resources, technology, and network. TravelPerk has raised nearly $300M in funding and continues to grow through strategic acquisitions and product development. With Birmingham now serving as a key TravelPerk hub, Click Travel is poised to strengthen its offerings for SMB clients while leveraging TravelPerk's international infrastructure.
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