SA国际传媒

, a travel and expense management platform,聽is in negotiations to raise funding at a $9 billion valuation,

The company last raised $275 million in a Series F round led by in October, according to SA国际传媒. That round brought its valuation to $7.25 billion, meaning the reported new round will bring its valuation up significantly.

The news of TripActions鈥� reported fundraise comes amid a bit of a shakeup in the startup and VC world. Volatility in the public markets has made some investors more cautious of the speed at which they deploy capital and the valuations being assigned to companies.

With valuations up across the board last year, there鈥檚 been some fear this year of “flat rounds鈥� (when more capital is raised, but the company鈥檚 valuation stays the same) or down rounds (when more capital is raised, but at a lower valuation).

It鈥檚 the opposite of the mentality of 2021, which saw a record amount of funding for startups, and high valuations for both public and private companies.聽

Travel industry overall

New funding for TripActions comes as travel, particularly business travel, sees a rebound after the COVID-19 pandemic essentially halted it.

And with investors putting money into this travel and expense management platform, it could mean there is an appetite for future investment in the space.

Other travel companies, including price monitoring and booking platform , have also raised money in the past year. TripActions also acquired a travel management company, , earlier this year in anticipation of increased travel demand.

Palo Alto, California-based TripActions was founded in 2015 and is backed by investors including , and . According to SA国际传媒 data, it has raised $1.5 billion in total funding.

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• With Travel Spending Set To Roar Back, TripActions Snaps Up Europe鈥檚 Comtravo

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