Connect with us

Hi, what are you looking for?

Jewish Business News


Israeli Unicorn TripActions Looks to $12 Billion IPO


TripActions co-founders Ariel Cohen (left) and Ilan Twig. (company PR pic)

TripActions, an Israeli startup and a unicorn that offers travel tech solutions is looking toward holding an Initial Public Offering (IPO) in New York sometime in 2023. TripActions was reported to have filed its confidential prospectus for the IPO with the U.S. Securities and Exchange Commission (SEC). The company expects as much as a $12 billion valuation from its IPO.

TripActions first became a unicorn just one year ago when it raised $275 million in a Series F growth funding round that gave the company a $7.25 billion valuation in October 2021. So it has clearly grown since then. And the company has been putting that money to good use with a number of acquisitions, such as buying high-touch TMC Reed & Mackay in 2021 and both Swedish TMC Resia and Berlin-based TMC Comtravo this year.

So, what is travel tech? Well, fintech is anything related to financial technologies, so travel tech is any new tech developed to make traveling easier on the consumer. The Travel Tech Association says that Travel Tech is the voice of the travel technology industry, advocating for public policy that promotes transparency and competition in the marketplace to encourage innovation and preserve consumer choice.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at
Thank you.

Founded in the US by Ariel Cohen and Ilan Twig, TripActions helps businesses get the best out of their employees travel expenses and services. The company says that it allows users to build, manage and scale a corporate travel and expense T&E management programs with ease. It promises to let firms get their employees the “best booking experience with unrivaled inventory, powerful personalization and 24/7 global travel agents paired with frictionless expense management so they can focus on being there, not getting there.”

Nearly two-thirds of businesses, explains TripActions, have or are planning to switch travel management solutions as a result of the global Covid pandemic. Because of this, from Feb 1, 2020 – Jul 31, 2021, TripActions more than doubled its aggregate travel budget under management, while the expense budget under management grew 1400% over the same period. Recent enterprise customer wins include Heineken, Crate & Barrel, Primark and Snowflake.

The company also explains that 68% of all end-to-end TripActions customers have switched from legacy T&E systems.



You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...


The Movie The Professional is what made Natalie Portman a Lolita.


After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.