Tues, Nov. 10 at 2:00 PM ET / 10 AM PTSponsored by: TripActions
Tues, Nov. 17 at 1:00 PM ET / 10 AM PTSponsored by: TripActions
Wed, Oct. 21, at 1:00 PM ETSponsored by: Cvent
Virtual Event - October 27, 2020
Virtual Event - October 22-23, 2020
Filter in or out as many as 200 cities, as well as hotel and car rental class and meals of the day and watch as the per-diem calculator automatically adjusts per diems to your program. Drill down into cost breakdowns and export the results.
Travel data aggregator Traxo raised $5.2 million in a Series
B financing round that closed on Friday. Founder and CEO Andres Fabris said
TripAdvisor was the primary investor. Others include Advantage Capital
Partners, Silver Creek Ventures, Thayer Ventures and Aristos Ventures.
Traxo will invest the funds in Europe and Asia/Pacific expansion,
in its products and in sales and marketing, according to Fabris. Specifically, the
company will invest in Traxo
Connect—which collects data from travel management companies, suppliers and
online travel agency bookings to share with travel managers—and in its Traxo
Capture suite of data aggregation tools, which includes an email
inbox scanning capability that is in the pilot phase.
Traxo's previous financing
round closed in 2013 and raised $4.2 million in venture capital financing. The
financing round that just closed began this year, Fabris said. The company might
consider an IPO or a sale in the future. "I suspect that will be in the
plans for Traxo down the road, but that's not our immediate focus. Our
immediate focus now is investing the new capital and growing the product and
the client base," Fabris said.
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