Funding round
Perk Series C
Perk, which works in travel assistance services in Birmingham, raised $44M in a Series C round announced on 15 Oct 2018, led by Kinnevik. 10 firms took part, 8 of them already investors. It is Perk's second venture round on record; the one before was a Series B in Apr 2018.
$44M
Amount raised
Not disclosed
Post-money valuation
10
Investors
1 lead
Valuation
What this round says about the price
Perk did not disclose a valuation in this round. It came 6 months after Perk's Series B. It is 17% of the $265M Perk has raised in the venture rounds on record. Perk raised again 75 months later: a Series E round of $200M in Jan 2025, at $2.70B post-money.
Perk's funding rounds
Perk has 3 venture rounds on record and 1 other deal. This one is highlighted.
Investors
Who put money in
Kinnevik led the round with 9 other firms. Kinnevik, Felix Capital, Target Global and Spark Capital and 4 more had backed Perk before.
Lead investor
- Kinnevik backs 55 venture-backed companies existing investor
Also in the round
- backs 63 venture-backed companies existing investor
- Target Global existing investor
- Spark Capital backs 234 venture-backed companies existing investor
- LocalGlobe existing investor
- backs 19 venture-backed companies existing investor
- backs 42 venture-backed companies existing investor
- DST Global backs 179 venture-backed companies new investor
- Tom Stafford new investor
- Suntone existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
6 Series C rounds in Travel Agencies within a year either side disclosed an amount; the median was $55M, and this round was 80% of the median. The closest in time, other companies' Series C rounds in Travel Agencies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| TourRadar Travel Agencies | 26 Jun 2018 | $50M | not disclosed | Technology Crossover Ventures |
| Travel Agencies | 10 Apr 2018 | $12M | not disclosed | Fundamentum |
| Travel Agencies | 18 Apr 2019 | $9.8M | not disclosed | SBI Investment |
| Travel Agencies | 18 Aug 2019 | $70M | not disclosed | Asia Partners |
| Travel Agencies | 25 Oct 2017 | $60M | not disclosed | Sequoia Capital and Goldman Sachs |
| Travel Agencies | 29 Oct 2019 | $60M | not disclosed | Airbnb |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Perk raise in its Series C round?
Perk raised $44M in its Series C round, announced in Oct 2018.
Who led Perk's Series C round?
Kinnevik led it, with Felix Capital, Target Global, Spark Capital, LocalGlobe and Sunstone Life Science Ventures and 4 more.
What was Perk's valuation at the Series C round?
It was not disclosed.
How does it compare with other Series C rounds in Travel Agencies?
6 Series C rounds in Travel Agencies within a year either side disclosed an amount; the median was $55M, and this round was 80% of the median.
Did Perk raise again after this round?
Yes: a Series E round in Jan 2025 of $200M at $2.70B post-money.