TripActions Secures $12.5 Million

Internet and IoT startup TripActions announced the close of $12.5 million in financing led by Lightspeed Venture Partners. Zeev Ventures also participated.

TripActions is a mobile-first travel management company that brings together custom-built mobile technology with 24/7 travel support and robust travel inventory. TripActions uses AI and smart data to create customized and dynamic search options based on an individual traveler’s loyalty programs, travel history and company preferences. The all-in-one solution aims to improve the travel booking and management process by rewarding employees for booking cost-efficient options, saving companies an average of 27 percent on travel spends.