# TRIPBAM

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

- Industry: Software
- Headquarters: Dallas, US
- Website: www.tripbam.rocks
- Total disclosed funding: $1.3M
- Latest round: Seed (Aug 16, 2013)
- Investors on record: 1

## About

TRIPBAM, Inc. is a US-based company specializing in corporate travel management solutions, aimed at streamlining the booking process and maximizing cost savings for businesses.TRIPBAM, Inc. operates in the corporate travel sector, where it provides innovative solutions for businesses to manage their travel expenses. Founded in 2013, the company is headquartered in Dallas, US. The firm has undergone strategic shifts as it has expanded its offerings. Steve Reynolds and Vannessa Watkins are the founders, with Reynolds also serving as the CEO. In July 2023, TRIPBAM, Inc. was acquired by Emburse, LLC from Thayer Ventures for undisclosed financial terms, marking a notable transition in its operational strategy. The company has secured a total of USD 0.53 mn over three funding rounds, with the most recent round occurring on July 19, 2023.TRIPBAM, Inc. offers a range of corporate travel management solutions designed to enhance operational efficiency and streamline expense management. Their key products include automated booking tools that identify and rebook travel at lower rates, alongside compliance and accuracy solutions for managing travel expenditures. Their services cater to various industries, including finance, healthcare, and technology, and are marketed across North America, Europe, and Asia-Pacific.TRIPBAM, Inc. generates revenue through subscription-based models tailored for organizations accessing their travel management tools. Their clients subscribe to different pricing structures, with products integral to the revenue model including automated booking and compliance solutions that drive cost savings and operational efficiencies.Following its acquisition by Emburse, LLC in July 2023, TRIPBAM, Inc. is positioned to enhance its product innovation and broaden its market reach. The acquisition is expected to support the launch of new products designed for finance and travel leaders, although specific release dates remain unconfirmed. The company aims to expand into new markets with targeted initiatives in Europe and Asia-Pacific by the end of 2024, utilizing the resources gained from the recent funding to accelerate these developments.

## Funding rounds

- Seed, Aug 16, 2013, $1.3M — Thayer Ventures

## Investors

- Thayer Ventures (https://capitalatlas.ai/funds/thayer-ventures) — Seed