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SalesTrip defies effects of pandemic on business travel with seed investment round Media Reports YOY growth of 250% with record year of customer acquisition 15th January 2021, London: SalesTrip, an expense management and travel booking software company, today announces it has raised $1.4m in seed funding. Led by Floreat Group, an independent and privately held group, investment comes in the same year the company experienced over 250% growth. “We actively seek technology companies and platforms that have strong products with flexible and attractive business models,” said Karim Jallad, Managing Director at Floreat Principal Investing. “The COVID-19 crisis has presented unique and severe challenges to the travel and expense management technology sector, with much of business travel grounded. SalesTrip has proven the flexibility, adaptability and strength of its SaaS platform and has thrived despite the global pandemic. For this and many reasons, we are pleased ....
More travel executives get their mission-critical industry news from Skift than any other source on the planet.Tell me more January has seen a flurry of financial investments for the corporate travel sector. Several technology companies have revealed funding rounds this month, and rather than the cash propping them up to survive, they’re being regarded more as a vote of confidence in better times ahead. While business travelers remain static, these startups are gearing up for recovery and ready to play a role in helping organizations lower their costs in the future. At a Glance On Wednesday, Barcelona-based startup TravelPerk announced it had acquired U.S. business travel platform NexTravel, signalling its intention to expand stateside. ....