Less than two months after announcing a new $9.2 billion valuation, TripActions said today it has secured $400 million in credit facilities from Goldman Sachs and Silicon Valley Bank (SVB). Specific
TripActions, a corporate travel and expenses company, has raised a combination of equity and debt at a post-money valuation of $9.2 billion, up from its prior valuation of $7.5 billion. The funding is
The IPO market is still frozen like a Nordic lake dotted with fishing huts, but Instacart and TripActions offer signs that a thaw is now in sight.
TripActions is said to have filed confidentially to go public in the second quarter of next year at a $12 billion valuation. Citing an unnamed source, Business Insider broke the news on Wednesday that
When it comes to video-based data, advances in computer vision have given a huge boost to the world of research, making the process of analyzing and drawing insights from moving images something that
At least four startups at Y Combinator’s W22 batch – from three different regions – referred to themselves as the “Brex for" their particular geography.
Prior to the COVID-19 pandemic, TripActions was primarily known for merging many aspects of corporate trip booking — flights, hotels and rental cars — with expense tracking. But Palo Alto-based T
The relationships between banks and fintechs are multi-faceted. In some cases, they partner. In many cases, they compete. In other cases, one acquires or invests in the other. Well, today, an announce
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. This week we — Natasha and Danny and Alex and Grace — ha
This morning TripActions, a software company whose tools help businesses book and manage corporate travel, announced a new $155 million investment. Three investors led the round: prior investor Andree
Lime has changed its corporate travel policy to ensure not a dime of its money ends up in the coffers of the Trump Organization’s hotels and other properties in response to the January 6 insurre
Today we're taking stock of what's happening to a number of unicorns, both public and private.
Mattress company Casper is shutting down its European operations and laying off 78 people as it focuses on “achieving profitability,” according to a statement by the company. The layoff impacts 21
We're adding a number of companies to the $100 million ARR club, a collection of private companies that have reached material scale.
Earlier today a grip of new data presented a sharply negative picture of the American economy. And this afternoon, news broke that a trio of well-known, heavily-backed unicorns were cutting staff. Wit
Fintech startups were hot news before the COVID-19 era, but the pandemic hasn’t bumped the sector out of the headlines. Companies that were pitching optimistic news a few weeks ago are now cutti
This morning, let's remind go over what happened in the first wave of recent unicorn layoffs (Zume, Oyo, Uber, etc) and how it compares to what is happening today as ZipRecruiter, Bird and TripActions
The coronavirus demand crunch has taken another bite: Palo Alto-based corporate travel-focused unicorn TripActions has confirmed laying off hundreds of staff. Per this post on Blind — written by
Frontline Ventures, based in Dublin and London, has announced a new $80 million fund designed to assist U.S. tech companies expanding into Europe. The new Frontline X fund — which means the firm now
TripActions, a Palo Alto-based, corporate travel-focused unicorn, has secured a new, half-billion-dollar credit facility to help support the launch of its second product line. Called TripActions Liqui