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Work trips are making a $5 billion comeback

Work trips are making a $5 billion comeback

3 years ago
Anonymous $y15ULlV7sG

https://techcrunch.com/2021/01/23/work-trips-are-making-a-5-billion-comeback/

Would you bet millions of dollars on a corporate travel comeback? Doesn’t matter. Andreessen Horowitz, Addition and Elad Gil are anyways.

This week, the trio led a nine-figure financing round in TripActions, a software company that helps other companies book and manage corporate travel. But the news is (always) more than the number. I see TripActions’ growth as a signal to travel sector startups, which faced the brunt of the pandemic’s impact. We’ve heard the market is emerging again, but the fact that investors poured money into an up-round valued at $5 billion adds an extra layer of conviction.