About Direct Travel
Direct Travel is a company based in Centennial (United States) founded in 1962 was acquired by Durable Capital Partners in April 2024. It operates as a Managed Services, and Subscription Services. The company has 806 employees as of December 31, 2019. Direct Travel has completed 8 acquisitions, including ATPI, Best Travel and Creative Group Inc. Direct Travel offers products and services including Business Travel Management, Personal Travel Planning, Meetings & Events, and Avenir Travel Platform.
- Headquarter Centennial, United States
- Employees 806 as on 31 Dec, 2019
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Sectors
Travel & Hospitality
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Direct Travel
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
Abry Partners
& 4 more
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Employee Count
806
as on Dec 31, 2019
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Investments & Acquisitions
ATPI
& 7 more
- Acquired by
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Products & Services of Direct Travel
Direct Travel offers a comprehensive portfolio of products and services, including Business Travel Management, Personal Travel Planning, Meetings & Events, and Avenir Travel Platform. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Managed travel services are provided for corporate clients.
Customized travel planning is offered for individual journeys.
Full-service solutions are delivered for corporate events planning.
Next-generation travel management technology is provided for clients.
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Funding Insights of Direct Travel
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Direct Travel
Direct Travel has secured backing from 5 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include Abry Partners, Top Tier Capital Partners and Steve Singh. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital investing in AI, biotech, and technology sectors, focusing on seed and early stages in Seattle and beyond.
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Founded Year | Domain | Location | |
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Investment management services are offered by Durable Capital Partners.
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Founded Year | Domain | Location | |
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Abry Partners is engaged in middle market private equity investments.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Direct Travel
Direct Travel has strategically engaged in corporate development activities, having acquired 8 companies. Notable acquisitions include ATPI, Best Travel and Creative Group Inc. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Global travel management and analytics solutions are offered by ATPI.
|
2002 | ||||
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Travel services and bookings are managed by Best Travel.
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1996 | ||||
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Holiday packages are booked via an online platform for travelers.
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1975 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Direct Travel
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Direct Travel Comparisons
Competitors of Direct Travel
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Direct Travel
When was Direct Travel founded?
Direct Travel was founded in 1962.
Where is Direct Travel located?
Direct Travel is headquartered in Centennial, United States. It is registered at Centennial, Colorado, United States.
How many employees does Direct Travel have?
As of Dec 31, 2019, the latest employee count at Direct Travel is 806.
What does Direct Travel do?
Direct Travel is established as a top corporate travel management company, offering tailored solutions for business travel, personal travel, and meetings events. Services are provided across multiple sectors, focusing on cost savings, risk management, and traveler experience. Advanced technology like Avenir is integrated to streamline travel management. Global reach is ensured through the Direct ATPI network, with high-touch service in over 10 countries. Comprehensive support is extended to travel managers, finance, and HR stakeholders.
What products or services does Direct Travel offer?
Direct Travel offers Business Travel Management, Personal Travel Planning, Meetings & Events, and Avenir Travel Platform.
How many acquisitions has Direct Travel made?
Direct Travel has made 8 acquisitions, including ATPI, Best Travel, and Creative Group Inc.
Who are Direct Travel's investors?
Direct Travel has 5 investors. Key investors include Abry Partners, Top Tier Capital Partners, Steve Singh, Madrona, and Durable Capital Partners.
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