# Comtravo

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/comtravo

- Industry: Internet
- Headquarters: Berlin, Germany
- Website: www.comtravo.com
- Total disclosed funding: $43M
- Latest round: Series B (Dec 6, 2019)
- Investors on record: 9

## About

Comtravo GmbH is a corporate travel management platform that streamlines booking, expense management, and analytics to optimize travel experiences for companies of all sizes.Founded in 2015 and headquartered in Berlin, Germany, Comtravo GmbH specializes in corporate travel management solutions. The founders, Jannik Wässa and Michael Riegel, have backgrounds in innovation and technology. In February 2022, Comtravo was acquired by TripActions, Inc. from a group of investors, including Creandum and Project A Ventures, for an undisclosed amount. The company has completed a total of 5 deals, with its latest funding round, Series B, raising EUR 9.000 mn led by M12, bringing the total amount raised to EUR 9.000 mn and valuing the company at EUR 205.239 mn.Comtravo offers a comprehensive corporate travel management platform that allows employees to book, update, or cancel trips independently while adhering to budget constraints. The platform provides access to a wide inventory of travel options and features a rewards program to incentivize cost-effective bookings. Serving clients across various regions including France, Germany, the UK, the US, and Spain, Comtravo focuses on optimizing travel spend and enhancing employee autonomy in travel management.In the most recent year, 2022, Comtravo reported a revenue of EUR 65,382,337.80 and an EBITDA of EUR 1,594,398.40.The acquisition by TripActions, Inc. is expected to accelerate Comtravo's growth, particularly in markets such as London, Amsterdam, Paris, Dublin, Berlin, Frankfurt, Munich, Tel Aviv, and Lisbon. Recent funding will support the expansion of services and products designed to enhance travel management capabilities, with ongoing product development aimed at improving user experience and integrating new functionalities.

## Funding rounds

- Series B, Dec 6, 2019, $9.9M — Creandum, Project A, M12
- Series B, Nov 5, 2019, $23M — Deutsche Bank, Microsoft, Creandum, b2venture, Endeit Capital, Project A, AERTiCKET GmbH
- Series A, Jun 23, 2017, $9.5M — Creandum, b2venture, Project A
- Seed, Jan 1, 2016 — Vito One

## Investors

- Vito One (https://capitalatlas.ai/funds/vito-one) — Seed
- Creandum (https://capitalatlas.ai/funds/creandum) — Series A, Series B
- b2venture (https://capitalatlas.ai/funds/b2venture) — Series A, Series B
- Project A (https://capitalatlas.ai/funds/project-a) — Series A, Series B
- Deutsche Bank — Series B
- Microsoft — Series B
- Endeit Capital (https://capitalatlas.ai/funds/endeit-capital) — Series B
- AERTiCKET GmbH — Series B
- M12 (https://capitalatlas.ai/funds/m12) — Series B