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Travelport Secures $200 Million Investment To Fuel Momentum And Further Propel Tech Innovation

Mar 31, 2023•over 2 years ago

Amount Raised

$200 Million

LangleyInformation Technology

Investors

Elliott ManagementSiris Capital Group

Description

Travelport, a global technology company that powers travel bookings for hundreds of thousands of travel suppliers worldwide, today announced a $200 million investment from the company's owners, Siris Capital Group and Elliott Management. Following a strong first quarter performance, including best-in-class tech achievements and the acquisition of Deem, the new injection of capital will allow the company to continue executing against its aggressive growth strategy.

Company Information

Company

Travelport

Location

Langley, Washington, United States

About

Travelport is a worldwide travel retail platform. Our next-generation marketplace connects buyers and sellers that share our passion for delivering exceptional travel experiences. Unconflicted and independent, we are reinventing a simpler future for travel’s complex ecosystem.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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