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The Founder's Handbook

Top 9 Business Travel Startups in 2024

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Have you ever wondered who is on the list of Business Travel companies with the highest growth rates?

You’re not alone.

There are hundreds of companies in this space, and it can be difficult to keep track of them all.

We've decided to take a deep dive and put together a list containing 9 fast-growing Business Travel startups that have top-tier venture capital funding.


9 Business Travel Startups

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1) TravelPerk

TravelPerk

TravelPerk is a travel software that helps business travelers manage their trips and expenses.

Details of the startup:

  • Country: Spain
  • State: Catalonia
  • City: Barcelona
  • Started in: 2015
  • Founders: Avi Meir, Javier Suarez, Ron Levin
  • Number of employees: 251-500
  • Funding: $293,175,371
  • Funding rounds: 8
  • Number of investors: 26 (DST Global, Spark Capital, Target Global, LocalGlobe, Greyhound Capital)

You can find their website here.

2) Pleo

Pleo

Pleo provides smart payment cards to employees, allowing them to buy goods they need for work while keeping spending under control.

Details of the startup:

  • Country: Denmark
  • State: Hovedstaden
  • City: Copenhagen
  • Started in: 2015
  • Founders: Jeppe Rindom, Niccolo Perra
  • Number of employees: 101-250
  • Funding: $78,809,635
  • Funding rounds: 5
  • Number of investors: 6 (Seedcamp, Creandum, Stripes, Speedinvest, Kinnevik AB)

You can find their website here.

3) RedDoorz

RedDoorz

Through technology, RedDoorz is changing affordable housing in Southeast Asia.

Details of the startup:

  • Country: Singapore
  • State: Central Region
  • City: Singapore
  • Started in: 2015
  • Founders: Amit Saberwal, Asheesh Saxena
  • Number of employees: 501-1000
  • Funding: $134,400,000
  • Funding rounds: 7
  • Number of investors: 15 (500 Startups, International Finance Corporation, Qiming Venture Partners, InnoVen Capital, Jungle Ventures)

You can find their website here.

4) Limehome

Limehome

Limehome transforms commercial buildings into chic apart-hotels that are managed through their technology platform for business and leisure tourists.

Details of the startup:

  • Country: Germany
  • State: Bayern
  • City: Munich
  • Started in: 2018
  • Founders: Josef Vollmayr, Lars Stabe
  • Number of employees: 51-100
  • Funding: € 36,000,000
  • Funding rounds: 3
  • Number of investors: 4 (HV Capital, Lakestar, Picus Capital, Global Growth Capital)

You can find their website here.

5) Comtravo

Comtravo

Comtravo is a travel and tourism company that focuses on travel management, business travel, and online reservations.

Details of the startup:

  • Country: Germany
  • State: Berlin
  • City: Berlin
  • Started in: 2015
  • Founders: Jannik Neumann, Michael Riegel, Simon Schmincke, Slobodan Utvic
  • Number of employees: 101-250
  • Funding: € 38,500,000
  • Funding rounds: 4
  • Number of investors: 14 (Deutsche Bank, Project A Ventures, Creandum, btov Partners, M12)

You can find their website here.

6) BizAway

BizAway

BizAway is the most comprehensive tool for planning, managing, and controlling business travel.

Details of the startup:

  • Country: Italy
  • State: Friuli-Venezia Giulia
  • City: Spilimbergo
  • Started in: 2015
  • Founders: Flavio Del Bianco, Luca Carlucci
  • Number of employees: 51-100
  • Funding: € 6,500,000
  • Funding rounds: 4
  • Number of investors: 3 (Alma Mundi Ventures, Federico González Tejera, Casper Urhammer)

You can find their website here.

7) TROOP

TROOP

Big Data-driven corporate meeting planning platform.

Details of the startup:

  • Country: Spain
  • State: Madrid
  • City: Villanueva Del Pardillo
  • Started in: 2017
  • Founders: Dennis Vilovic, Leonard Cremer
  • Number of employees: 1-10
  • Funding: $927,643
  • Funding rounds: 5
  • Number of investors: 4 (Newchip, ENISA, Intelak Hub, Top Seeds Lab)

You can find their website here.

8) ITILITE

ITILITE

ITILITE is a digital travel management application that makes booking flights and hotels easier.

Details of the startup:

  • Country: India
  • State: Karnataka
  • City: Bengaluru
  • Started in: 2017
  • Founders: Anish Khadiya, Mayank Kukreja
  • Number of employees: 101-250
  • Funding: $17,271,725
  • Funding rounds: 3
  • Number of investors: 4 (Matrix Partners, Vy Capital, Matrix Partners India, Ashish Gupta)

You can find their website here.

9) Fyle

Fyle

Fyle is a business expenditure management tool that is smart.

Details of the startup:

  • Country: India
  • State: Karnataka
  • City: Bengaluru
  • Started in: 2016
  • Founders: Sivaramakrishnan Narayanan, Yashwanth Madhusudan
  • Number of employees: 11-50
  • Funding: $10,361,312
  • Funding rounds: 5
  • Number of investors: 10 (Freshworks, Tiger Global Management, BEENEXT, Steadview Capital, Pravega Ventures)

You can find their website here.

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