Corporate travel management platform Roadmap has raised $4.6 million in Series A funding.
Newion Investments led the round, in addition to Roadmap founders Jeroen van Velzen, Koen Bavinck and Markus Emmer.
The Netherlands-based company will use the funds to further develop its mobile product - which is connected to some of the largest global travel agencies and suppliers - and grow its marketing and sales team.
Founded in 2015, Roadmap houses all corporate travel suppliers in one corporate-branded app to help large enterprises manage their travel programs. Taking cues from consumer apps, the platform delivers employees customized content and real-time travel information.
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Roadmap CEO van Velzen says the aggregated travel spend of customers on the platform exceeds $3 billion, and “the adoption and engagement numbers of the app are twice the industry standard.”
“The gap between consumer technology at hand (like Booking.com, Skyscanner, TripAdvisor, Google Maps) and corporate travel technology available is gigantic and ready to be disrupted,” says Patrick Polak, founder and managing partner of Newion Investments.
“The Roadmap team grabbed an opportunity to become the preferred partner for Fortune 500 companies and is acknowledged as a thought and product leader in travel experience technology. The product is truly unique in its kind, ready to disrupt corporate travel.”
The news follows funding rounds from similar players in the corporate travel space such as Rocketrip and TripActions, which recently secured $15 million and $51 million, respectively.