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Top related persons:
Avi Meir - 1 TravelPerk - 1 Felix - 1 SoftBank - 1 that's - 1 Meir - 1 Roy Hefer - 1
Top related locs:
TravelPerk Barcelona Navan U.S
Top related orgs:
SoftBank Vision - 1 Felix Capital - 1 American - 1 CNBC - 1 American Express - 1 SAP - 1

Search resuls for: "Avi Meir"


2 mentions found


☆ SoftBank leads TravelPerk's $104 million fundraising, in a bet that AI will reshape corporate travel
  + stars: | 2024-01-23 | by ( Ryan Browne | ) www.cnbc.com   time to read: +4 min
TravelPerkBarcelona-based startup TravelPerk, which helps automate corporate travel and expenses, has raised $104 million in fresh funding from Japanese tech investing giant SoftBank and a flood of other names, to invest in artificial intelligence development and new products. SoftBank invested $70 million in TravelPerk's latest round, which the company said was an extension of its "D-1" funding round. The fundraising round shows SoftBank is placing a major bet on a company driving disruption in corporate travel through new technologies, such as AI — which has seen significant buzz since the November 2022 launch of OpenAI's ChatGPT. Whereas many travel agents operate on low single digits gross margins, Meir says that TravelPerk's profit margin stood at 60% last year. TravelPerk competes with American Express, BCD Travel, SAP Concur and Navan in the corporate travel management space.
Persons: Avi Meir, TravelPerk, Felix, SoftBank, that's, Meir, Roy Hefer Organizations: SoftBank Vision, Felix Capital, American, CNBC, American Express, SAP Locations: TravelPerk Barcelona, Navan, U.S
☆ Spain's startup scene has gone from a desert crossing to a $4 billion burgeoning industry. Now, it plans to cut red tape to birth a new batch of unicorns.
  + stars: | 2022-10-11 | by ( Tasmin Lockwood | ) www.businessinsider.com   time to read: +8 min
Spanish startups lured a record $4.1 billion from investors in 2021, according to PitchBook. The government hopes its new Startup Law will help birth an array of new unicorns. In 2016, Lucas Carné sold his fashion marketplace startup Privalia for around 500 million euros (around $495 million) in a landmark deal for the Spanish tech ecosystem. Privalia's sale to its enlarged French counterpart Ventee-Privee – since rebranded as VeePee – illustrated just how far the Spanish startup scene had changed in the space of 10 years. Spanish startups secured a record $4.1 billion in 2021 – more than double that of 2020 –, according to PitchBook data.
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