Funding round
Travelport Growth
Reported as "Growth Equity"
Travelport, which works in travel distribution solutions in Slough, raised $570M in a Growth round announced on 4 Dec 2023. 4 firms took part. It is Travelport's second venture round on record; the one before was a Growth in Mar 2023.
$570M
Amount raised
Not disclosed
Post-money valuation
4
Investors
no lead named
Valuation
What this round says about the price
Travelport did not disclose a valuation in this round. It came 9 months after Travelport's Growth. It is 74% of the $770M Travelport has raised in the venture rounds on record. No later venture round is on record for Travelport.
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 31 Mar 2023, led by Siris Capital Group and Elliott Management $200M
- Growth this round 4 Dec 2023 $570M
Investors
Who put money in
4 firms took part; no lead investor was named.
Investors
- backs 4 venture-backed companies new investor
- backs 8 venture-backed companies new investor
- backs 4 venture-backed companies new investor
- backs 5 venture-backed companies new 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 | 22 Dec 2023 | $2.2M | not disclosed | Airbridge Equity Partners |
| Travel Agencies | 28 May 2023 | undisclosed | not disclosed | Scottish Equity Partners |
| Travel Agencies | 25 Apr 2023 | $7.5M | not disclosed | not named |
| Travel Agencies | 16 Sep 2024 | $39M | not disclosed | Mayfair Equity Partners |
| Travel Agencies | 5 Dec 2024 | $70M | not disclosed | Cool Japan Fund and Taiwan’s National Development Fund |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Travelport raise in its Growth round?
Travelport raised $570M in its Growth round, announced in Dec 2023.
Which investors took part in Travelport's Growth round?
Elliott Management, Davidson Kempner, Canyon Partners and Siris Capital Group.
What was Travelport's valuation at the Growth round?
It was not disclosed.