Perk
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Perk - overview
Established
2015
Location
Wilmington, DE, US
Primary Industry
Travel & Leisure
About
Based in Massachusetts, US, Perk USA Inc. , dba Perk, formerly TravelPerk provides innovative solutions for corporate travel management, streamlining expense reporting and travel bookings for businesses of all sizes. Founded in 2015 in Barcelona, Spain, Perk specializes in travel management solutions aimed at simplifying the corporate travel experience. The company was co-founded by Avi Meir, Badjinca Carvalho, and Javier Suarez.
In June 2026, Perk raised USD 300 million in venture debt funding led by Neuberger Berman, with participation from Hercules Capital, Liquidity Capital, and Blue Owl. Perk offers an intelligent platform that integrates travel and expense management solutions designed to streamline corporate spending processes. The core product allows businesses to manage travel bookings, expense reporting, and spend analysis within a single interface. This functionality assists finance teams in monitoring and controlling travel expenses, automating approvals, and ensuring compliance with company policies.
Targeting a diverse client base that includes small to large enterprises, Perk serves industries such as technology, manufacturing, and consulting in various geographical markets, including the United States, Canada, and Mexico. The platform is engineered to enhance user experience by providing insights that enable businesses to optimize their travel and spending habits. In the fiscal year of 2024, Perk generated revenue of USD 118. 72 mn, with an EBITDA of USD -48.
51 mn. The company primarily relies on subscription-based models, where clients pay a recurring fee for access to the platform, which includes various features designed to facilitate travel bookings and expense tracking. The revenue structure focuses on direct business-to-business transactions, allowing companies to manage their travel and expense needs efficiently. The company will use the June 2026 funding to refinance an existing 2024 credit facility, improve lending terms, and support product technology investment including artificial intelligence and growth expansion.
Current Investors
LocalGlobe, Spark Capital, Heartcore Capital
Primary Industry
Travel & Leisure
Sub Industries
Travel & Tourism, Web Applications, Analytics & Performance Software, Application Integration Software, Customer Relationship Management
Website
www.perk.com/
Verticals
Artificial Intelligence, Cloud Computing, Mobile Apps
Total Amount Raised
Subscriber access only
Perk - timeline of key events
Perk - financials
| Fiscal Year Ended | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 2,425.2 | 1,279,591.2 | 8,951,450.8 | 44,678,295 | 131,742,033 | 45,997,834 | 91,372,012 | - | - | - |
| % Revenue Growth (YoY) | - | 52662.3% | 599.6% | 399.1% | 194.9% | (65.1%) | 98.6% | - | - | - |
| EBITDA (USD) | (236,322.7) | (858,730.2) | (2,449,856.8) | (7,674,233) | (22,961,392) | (32,551,482) | (40,383,216) | - | - | - |
| Operating Income (USD) | (250,179.1) | (907,513) | (2,665,415.1) | (8,173,553) | (24,205,308) | (34,755,140) | (42,631,808) | - | - | - |
| Operating Margin | (10315.8%) | (70.9%) | (29.8%) | (18.3%) | (18.4%) | (75.6%) | (46.7%) | - | - | - |
| % EBITDA Margin | (9744.5%) | (67.1%) | (27.4%) | (17.2%) | (17.4%) | (70.8%) | (44.2%) | - | - | - |
| NET Income (USD) | (250,179.1) | (907,498.8) | (2,900,394.4) | (8,182,588) | (23,974,372) | (33,607,375) | (42,900,819) | - | - | - |
| % Net Margin | (10315.8%) | (70.9%) | (32.4%) | (18.3%) | (18.2%) | (73.1%) | (47.0%) | - | - | - |
Perk - employee data
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