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Top related persons:
Ariel Cohen - 1 Kelly Soderlund - 1 Instacart - 1 Goldman Sachs - 1 Andreessen Horowitz - 1 Ben Horowitz - 1 It's - 1 " Horowitz - 1
Top related locs:
Navan Caplight TripActions
Top related orgs:
Navan - 1 NASDAQ - 1 Bloomberg - 1 Softbank - 1 Lightspeed Venture Partners - 1 Coatue Management - 1 Zeev Ventures - 1

Search resuls for: "TripActions"


10 mentions found


☆ As the IPO market comes back to life, Navan (formerly TripActions) is targeting an April 2024 listing
  + stars: | 2023-08-25 | by ( Ben Bergman | ) www.businessinsider.com   time to read: +2 min
The company is now targeting a late April 2024 IPO, Insider has learned. Navan, formerly known as TripActions, is now targeting a late April 2024 IPO, according to a person with direct knowledge of the matter not authorized to speak publicly. However, this month the nearly two year dormant IPO market has finally shown signs of coming to life. Andreessen Horowitz first invested in TripActions in 2018, when it led the company's series C funding round at a $1.1 billion valuation and general partner Ben Horowitz joined the board. Navan has raised more than $2 billion in equity and debt financing since it was founded 2015, according to Pitchbook.
Persons: Ariel Cohen, Kelly Soderlund, Instacart, Goldman Sachs, Andreessen Horowitz, Ben Horowitz, It's, " Horowitz Organizations: Navan, NASDAQ, Bloomberg, Softbank, Lightspeed Venture Partners, Coatue Management, Zeev Ventures Locations: Navan, Caplight, TripActions
☆ The unraveling of fintech darling Vise
  + stars: | 2023-03-03 | by ( Stephanie Palazzolo | ) www.businessinsider.com   time to read: +28 min
It was April, and more than two dozen salespeople who worked for the fintech startup Vise had been ordered to a multiday off-site at the W Hoboken hotel in New Jersey to share exhaustive reports on their performance. Even salespeople at bigger, established, top-tier investment-management firms typically wouldn't close $250 million in a year, multiple sales employees said. (K-means clustering is an unsupervised machine-learning algorithm often referred to as a form of AI, Vise's founders said). (Vise's founders disputed this, saying the company received updated financial data only once a day for its portfolio-construction engine.) And to address its "leaky funnel" of overestimating prospective sales, Vise was to stop outreach to new clients while it onboards and upsells to existing clients, the document said.
☆ TripActions Rebrands as Navan, Adds ChatGPT to Expense Reports
  + stars: | 2023-02-07 | by ( Angus Loten | ) www.wsj.com   time to read: +6 min
TripActions, a business-travel software startup, plans to integrate OpenAI’s ChatGPT capabilities across its online platform, an effort aimed at seizing market share by making expense reports easier to use. That way, the expense report is generated during the trip as expenses are incurred, Mr. Cohen said. “Generally, software in the business-to-business space is designed to serve the company,” rather than the employees, Mr. Cohen said. “Using AI helps you create the kind of software that I’m talking about,” Mr. Cohen said. PREVIEWSAP Concur has also begun using AI in its travel and expense software, which can “tap decades of expense data and experience tracking to identify hard-to-detect spend issues and anomalies,” said Charlie Sultan, president of Concur Travel.
☆ Startups find better access to talent as top tech companies cut jobs, freeze hiring
  + stars: | 2022-12-29 | by ( Jennifer Elias | ) www.cnbc.com   time to read: +8 min
More than 50,000 tech workers were let go from their jobs in November, according to data collected by the website Layoffs.fyi. “Given the tech layoffs and lower hiring by the big-tech companies, folks are looking for smaller tech companies to join,” said Christopher Fong, founder of Xoogler.co, a network for ex-Google employees. In the absence of the stability that the largest tech companies once offered, workers are looking to startups and midsize companies that offer greater flexibility and, in some case, the opportunity to have a bigger impact. “I tried not to think a lot about tech layoffs when interviewing," Bell said. Lauren Illovsky, talent partner for Alphabet's CapitalG venture firm said “hiring has gotten a little easier" for the group's portfolio companies.
☆ Business travel bound to boom in 2023 as China re-opens
  + stars: | 2022-12-27 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBusiness travel bound to boom in 2023 as China re-opensMichael Riegel, general manager of TripActions discusses the latest developments in the travel market, China relaxing its Covid travel restrictions and how travel trends have changed in the last two years.
☆ 3 ways late-stage startups can prevent IPO delays from becoming wasted time, according to a Fidelity senior VP
  + stars: | 2022-11-09 | by ( Stephanie Palazzolo | ) www.businessinsider.com   time to read: +4 min
A Fidelity SVP tells Insider how founders can use the lull for employee education and readiness checks. Stegman works with startups from the early stage to IPO and helps them with everything from stock-plan administration to employee education. Educate employees on IPO effectsDuring the IPO lull, companies can use the time to create an educational program for employees, Stegman said. These restrictions can be nuanced and require careful planning on the company's part beyond general employee education, according to Stegman. By providing education on these restrictions early, startups can prevent employees from feeling disappointed about what they're allowed to do following an IPO, Stegman said.
☆ U.S. carriers add transatlantic flights for travel-hungry consumers
  + stars: | 2022-10-21 | by ( Rajesh Kumar Singh | ) www.reuters.com   time to read: +5 min
REUTERS/Carlos BarriaCHICAGO, Oct 21 (Reuters) - U.S. carriers including Delta Air Lines (DAL.N) and United Airlines (UAL.O) are betting big on American consumers' unquenched thirst for travel across the Atlantic by adding more flights to Europe. Register now for FREE unlimited access to Reuters.com RegisterThe transatlantic is the world's most lucrative travel market. Starting this month, Delta plans to operate more transatlantic flights than it did before the pandemic. Travel website KAYAK said searches for international travel, including to Europe, from the United States are up nearly 40% from last year. United said the transatlantic travel demand has remained "incredible" into the fall.
☆ TripActions raises equity at $9.2 bln valuation, gets Coatue's structured financing
  + stars: | 2022-10-12 | by ( Krystal Hu | ) www.reuters.com   time to read: +2 min
Oct 12 (Reuters) - U.S. corporate travel and expense company TripActions said it raised $304 million from investors in equity and debt-like structured financing on Wednesday, as the company gears up for expansion and a public listing. The company said the funding includes $154 million in equity financing from investors including Andreessen Horowitz and Premji Invest, which valued the startup at $9.2 billion, up from its last round of $7.5 billion. The $150 million structured financing comes from Coatue Management’s new fund targeting late-stage startups as the IPO market remains shut. The company has filed confidentially for an initial public offering (IPO) that could land next year, sources told Reuters. “We are investing for the company to be ready to be a public company."
☆ Business travel demand increases as Covid concerns soften
  + stars: | 2022-10-12 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBusiness travel demand increases as Covid concerns softenTripActions Ariel Cohen CEO joins 'TechCheck' to discuss bullish investment towards business travel, debt financing funding, and business travel use cases.
☆ Exclusive: TripActions has filed confidentially for an IPO, targeting a $12 billion valuation, a rare exception in the frozen IPO market
  + stars: | 2022-09-28 | by ( Ben Bergman | ) www.businessinsider.com   time to read: +4 min
TripActions, which was last valued at $7.25 billion, aims to modernize business travel. Founded in 2015 by Ariel Cohen and Ilan Twig, the Palo Alto-based company helps businesses manage travel, company cards and expenses for employees. At the time, Cohen said TripActions had originally planned to go public this year but delayed those plans when the market went south. TripActions raised $275 million in series F funding last fall at a $7.25 billion valuation in a deal led by Greenoaks. Andreessen Horowitz first invested in TripActions in 2018, when it led the company's series C funding round at a $1.1 billion valuation.
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