TravelBank Secures $25 Million

Enterprise IT startup TravelBank announced the completion of $25 million in Series B financing. Six investors contributed to the round: DCM Ventures, Propel Venture Partners, Danhua Capital, New Enterprise Associates, Accel Partners, and Silicon Valley Bank.

TravelBank is a modern travel and expense app. Using an intelligent algorithm, TravelBank predicts travel costs based on real-time pricing. Users can access curated flight bookings with special corporate rates to book flights for business travel. TravelBank offers a camera-first experience for tracking expenses on-the-go, and it provides rewards for employees who save money on corporate travel when they choose more cost-effective options.