About TravelBank
TravelBank is a company based in Daly City (United States) founded in 2015 was acquired by US Bank in November 2021.. TravelBank has raised $35 million across 3 funding rounds from investors including SVB, US Bank and Accel. TravelBank operates in a competitive market with competitors including Navan, TravelPerk, Deem, Egencia and Concur, among others.
- Headquarter Daly City, United States
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Sectors
TechnologyTravel & Hospitality
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Email
***********
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Phone
*********
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Website
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Social
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- Legal Name Travelator Inc.
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Funding Insights of TravelBank
TravelBank has successfully raised a total of $35M across 3 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Last Round
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First Round
First Round
(20 Oct 2016)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2019 | Amount | Series B - TravelBank | Valuation | Dreamers |
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| Aug, 2017 | Amount | Series B - TravelBank | Valuation | DCM Ventures | |
| Oct, 2016 | Amount | Series A - TravelBank | Valuation | New Enterprise Associates |
| 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 TravelBank
TravelBank has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include SVB, US Bank and Accel. 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 firm focused on early-stage companies
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Founded Year | Domain | Location | |
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Tech-focused seed, early, and mid-stage VC investments are made globally.
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Founded Year | Domain | Location | |
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Venture capital funding is provided to firms across diverse sectors.
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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 TravelBank
| 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.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - TravelBank
| 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 |
Travelbank Comparisons
Competitors of TravelBank
TravelBank operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Navan, TravelPerk, Deem, Egencia and Concur, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Corporate travel and expense management are facilitated through SaaS platform.
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| domain | founded_year | HQ Location |
SaaS-driven corporate travel management & booking engine platform
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| domain | founded_year | HQ Location |
Provider of corporate travel management solutions
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| domain | founded_year | HQ Location |
Corporate travel solutions are offered to business travelers worldwide.
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| domain | founded_year | HQ Location |
Corporate travel expenses and invoices are managed via SaaS platform.
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| domain | founded_year | HQ Location |
Mileage expenses are tracked for self-employed drivers via iOS app.
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| 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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Latest news on Travelbank
Frequently Asked Questions about TravelBank
When was TravelBank founded?
TravelBank was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is TravelBank located?
TravelBank is headquartered in Daly City, United States. It is registered at Daly City, California, United States.
Is TravelBank a funded company?
TravelBank is a funded company, having raised a total of $35M across 3 funding rounds to date. The company's 1st funding round was a Series A of $10M, raised on Oct 20, 2016.
What does TravelBank do?
Travelbank is an expense budget management and a booking tool app. It uses a proprietary predictive technology to create predicted budgets based on real-time pricing for employees travel and per-diem expenses. Companies and employees can then benchmark the actual expenses against the predicted budget. Travelbank can also be connected to credit cards to match transactions. It can be integrated with ledger systems like Quickbooks, NetSuite and Bill.com.
Who are the top competitors of TravelBank?
TravelBank's top competitors include Navan, TravelPerk and Concur.
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