Lola.com Raises $37 Million in Series C Funding
Lola.com, the Agile Travel Management™ company providing clients with a platform to manage, book, and report on business travel, secured a $37 million Series C funding round led by existing investors General Catalyst and Accel. This latest round also includes participation from all previous investors—CRV,Tenaya Capital, and GV.
Lola.com reported 423 percent growth in 2018 annual travel bookings and 786 percent in revenue growth. Since its launch, it has received $80 million in total funding.
The company plans to use the Series C funds to double its headcount this year, accelerate technology development as part of its commercial partnership with American Express Global Business Travel, and further expand its outreach.