What is Perk?
Formerly known as TravelPerk, Perk operates as a sophisticated software-as-a-service provider that leverages artificial intelligence to automate complex financial workflows. By integrating travel bookings with real-time expense tracking and invoice reconciliation, the company addresses critical pain points for multinational organizations. With dual headquarters in Boston and London, Perk has scaled its operations across Europe and North America, establishing itself as a unicorn-status entity within the competitive fintech and business travel management landscape. Its platform is designed to enhance operational efficiency, providing businesses with granular visibility into their spending patterns while simplifying the user experience for employees on the move.
How much funding has Perk raised?
Perk has raised a total of $326M across 4 funding rounds:
Multiple Rounds
$26M
Debt
$300M
Unspecified (2015): $2.1M, investors not publicly disclosed
Private Equity (2015): $20.2M, investors not publicly disclosed
Private Equity (2015): $3.8M, investors not publicly disclosed
Debt (2026): $300M featuring Liquidity, Hercules Capital, Blue Owl, and Neuberger Berman
Key Investors in Perk
Hercules Capital
Hercules Capital is a specialty finance company focused on providing senior secured venture growth loans to high-growth, innovative venture capital-backed companies in a broad variety of technology, life sciences and sustainable and renewable technology industries.
Blue Owl
Blue Owl is an asset management company that specializes in capital solutions and direct lending, providing strategic financial support to growing enterprises.
Neuberger Berman
Neuberger Berman is an independent, employee-controlled asset management company providing a broad range of global investment solutions, including equity, fixed income, and alternative products.
What's next for Perk?
The recent strategic debt financing signals a shift toward aggressive operational scaling and potential market consolidation. By securing this capital, Perk is well-positioned to enhance its AI-driven product suite, potentially expanding its footprint into new geographic markets or deepening its integration capabilities within existing enterprise resource planning ecosystems. As the company continues to mature, the focus will likely remain on maintaining its competitive edge through technological innovation and the optimization of its global business hubs. This financial backing provides the necessary liquidity to sustain long-term growth objectives while navigating the evolving demands of the corporate travel and spend management sector.
See full Perk company page
