Funding round
Travelport Growth
Reported as "Growth Equity"
Travelport, which works in travel distribution solutions in Slough, raised $200M in a Growth round announced on 31 Mar 2023, led by Siris Capital Group and Elliott Management. 2 firms took part, 2 of them already investors. It is Travelport's first venture round on record.
$200M
Amount raised
Not disclosed
Post-money valuation
2
Investors
2 leads
Valuation
What this round says about the price
Travelport did not disclose a valuation in this round. It is Travelport's first venture round on record, 22 years after it was founded in 2001. It is 26% of the $770M Travelport has raised in the venture rounds on record. Travelport raised again 9 months later: a Growth round of $570M in Dec 2023.
Travelport's funding rounds
Travelport has 2 venture rounds on record and 2 other deals. This one is highlighted.
- Acquisition not a venture round 10 Dec 2018 $4.40B$4.40B post-money
- Debt not a venture round 28 Sep 2020 $500M
- Growth this round 31 Mar 2023, led by Siris Capital Group and Elliott Management $200M
- Growth 4 Dec 2023 $570M
Investors
Who put money in
Siris Capital Group and Elliott Management led the round. Siris Capital Group and Elliott Management had backed Travelport before.
Lead investors
- backs 5 venture-backed companies existing investor
- backs 4 venture-backed companies existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, scaling operations and working capital.
- Product development
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time, other companies' Growth rounds in Travel Agencies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Travel Agencies | 25 Apr 2023 | $7.5M | not disclosed | not named |
| Travel Agencies | 28 May 2023 | undisclosed | not disclosed | Scottish Equity Partners |
| Hopper Travel Agencies | 7 Nov 2022 | $96M | $5.00B | Capital One |
| Travel Agencies | 22 Dec 2023 | $2.2M | not disclosed | Airbridge Equity Partners |
Sources
Where this comes from
Reported by 7 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Travelport raise in its Growth round?
Travelport raised $200M in its Growth round, announced in Mar 2023.
Who led Travelport's Growth round?
Siris Capital Group and Elliott Management led it.
What was Travelport's valuation at the Growth round?
It was not disclosed.
Did Travelport raise again after this round?
Yes: a Growth round in Dec 2023 of $570M.