Blockchain-based travel infrastructure provider Blockskye has raised $15.8 million in its latest funding round, nearly doubling its total raised funding to date, the company announced on Thursday.
Blockskye—which automates booking, payment and expense reporting and has partnered with Kayak for Business for its Enterprise offer—will use the new funding to expand its team with new technology experts and travel industry veterans, further its reach into more international markets and launch new payment products, the company said. It also will accelerate its momentum in serving Fortune 500 companies and global suppliers, according to the company.
Announced enterprise clients include PwC U.S., with which it pioneered the ecosystem, as well as Diageo and TripAdvisor. Deloitte also has signed with Blockskye and Kayak for Business.
"Corporate travel represents one of the last elements of enterprise operations still relying on outdated, intermediary-heavy infrastructure that lacks basic trust and transparency," Blockskye co-founder and co-CEO Brook Armstrong said in a statement. "This funding will enable us to continue building a platform that delivers the direct supplier connections, real-time reconciliation and financial transparency that modern enterprises demand-finally bringing corporate travel management into the digital age."
Blockchange, a venture capital firm specializing in blockchain companies, led the funding round. Other participants include United Airlines Ventures, Lightspeed Faction, Lasagna, Litquidity Ventures, Longbrook Ventures, KSV Global and TFJ Capital.
To date, Blockskye has raised $33 million, the company said. That leaves it "well-positioned to scale and drive sustainable growth," according to Blockskye.