# Lola Travel Company

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/lola-travel-company

- Industry: Software
- Headquarters: Boston, US
- Website: www.lolatravel.com
- Total disclosed funding: $79M
- Latest round: Series C (Mar 26, 2019)
- Investors on record: 5

## About

Lola Travel Company, Inc. was a technology-driven travel management platform aimed at simplifying travel bookings and enhancing corporate travel experiences through innovative solutions.Founded in 2015 in Boston, Massachusetts, Lola Travel Company focused on providing travel management services. The company underwent strategic changes, ceasing operations in September 2021. Following this, it was acquired by Capital One Financial Corporation in October 2021 from various investors including Windspeed Ventures and Accel. Rachel Cohen, Reto Aebersold, and Roelof Stoelwinder were among the founders, with Mike Volpe serving as CEO. The company completed a total of 6 deals, with its most recent funding round being a Series C in October 2021, during which it raised USD 34.20 mn. The total amount raised by the company reached USD 34.20 mn, with a current valuation of USD 155.00 mn.Lola Travel Company specialized in travel management services designed to streamline corporate travel planning. The platform offered features that simplified the booking process, allowing businesses to manage travel itineraries effectively and tailor travel experiences to employee needs. The service encompassed various aspects of travel management, including itinerary bookings, travel policy compliance, and real-time support for travelers, thereby enhancing the overall travel experience for organizations and their employees.The revenue model of Lola Travel Company was based primarily on service fees associated with travel bookings and management services. The company generated income through transaction fees for bookings made through its platform. Additionally, it likely earned revenue from subscription fees for businesses utilizing its travel management solutions, thereby creating a comprehensive revenue stream from its innovative service offerings.In September 2021, Lola Travel Company ceased operations and was subsequently acquired by Capital One Financial Corporation. As a result, there are no current plans for future growth or product launches, and the company will be integrated into Capital One. The acquisition details were not disclosed, indicating that any strategic plans or expansions that may have been in consideration were halted with the cessation of operations.

## Funding rounds

- Series C, Mar 26, 2019, $34M — Accel, CRV, General Catalyst Partners, Tenaya Capital, GV
- Series B, Feb 6, 2017, $10M — Tenaya Capital, GV
- Series B, Dec 23, 2016, $15M — Accel, CRV, General Catalyst Partners
- Series A, Apr 5, 2016, $20M — Accel, General Catalyst Partners

## Investors

- Accel (https://capitalatlas.ai/funds/accel) — Series A, Series B, Series C
- General Catalyst Partners (https://capitalatlas.ai/funds/general-catalyst-partners) — Series A, Series B, Series C
- CRV (https://capitalatlas.ai/funds/crv) — Series B, Series C
- Tenaya Capital (https://capitalatlas.ai/funds/tenaya-capital) — Series B, Series C
- GV (https://capitalatlas.ai/funds/gv) — Series B, Series C