The world’s most valuable business travel startups
Companies whose main business is travel for companies: corporate travel booking and management platforms, travel and expense suites built around travel, group, event and crew travel, and technology for travel management companies. Ranked worldwide by AI-estimated valuation, with listed pure players shown in grey at their market value for reference. The market sets the value; AI models estimate it.
Key metrics for this segment: key milestone. Figures as published by each company or the press, dated, not recalculated. The AIs weigh them alongside funding history and comparables.
Not in this segment. Listed, so not ranked: Navan, Corporate Travel Management and Serko (shown in grey), and Yatra. Bought: Amex GBT (Long Lake), Comtravo and Tripeur (Navan), AmTrav (Perk), Lola (Capital One), TravelBank (U.S. Bank), Deem, Center (Emburse), CWT (Amex GBT), Supertripper, Quest2Travel (MakeMyTrip). Bankrupt: Mondee. Units of groups: FCM and Corporate Traveller (Flight Centre), myBiz (MakeMyTrip), Ctrip Business (Trip.com). Owned by private equity: Cvent. Not ranked here: expense-only software (Huilianyi, Happay) and hotel supply wholesalers. A company appears in one segment only. Method
Rankings by region
Filter the ranking and the Radar. Ranks stay worldwide. Regional pages: Asia · Europe · Latin America & Caribbean · North America.Global ranking · Business travel
This ranking shows the startups as they stood on 28 Oct 2026. Funding rounds, valuations and other events announced after that date are not included yet. They will be taken into account in the next edition, scheduled for 3 Feb 2027.
Spotted a more recent round? Tell us →First edition: no movements yet.
World · 19 ranked companies
| # | Company | Last round · Key metrics | AI valuation | Pool of InterestsInterest: a free, non-binding declaration on a company, or on a sector within an area, made during the free phase of a pool. Pool: all the Interests declared on the same target. This column shows the number of Backers and the combined amount of their tickets, to validated members only. Terms for Backers → | BackBacking a startup on Uback (pronounced “you back”) can be done in two ways: Interest · free: a non-binding declaration that signals your demand for a company or a sector. You can move or withdraw it at any time, with up to 5 at once. Intention · coming soon: a paid, confirmed declaration, still non-binding. Once its pool reaches critical mass, it is presented to a company by a partner desk. Neither is an order nor a commitment to invest. Terms for Backers → |
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| — | NavanListed · Nasdaq · NAVN | USD 7.02bnMarket cap · Oct 2026Listed company · not ranked | |||
| 1 | Perk#2 in SpainCorporate travel and expense platform that lets companies book flights, hotels and trains under a travel policy, with duty of care and invoicing in one tool. | Series E · USD 200M · Jan 2025Key metrics not disclosed | Last known equity round: Series E · USD 200M · Jan 2025 (SoftBank Vision Fund, Atomico, General Catalyst, EQT Growth) Published valuation: USD 2.7bn (Jan 2025)Method |
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| 2 | EngineBusiness travel booking platform, formerly Hotel Engine, that gives companies negotiated lodging, flights and car rentals for employees and crews, with spend controls and round-the-clock support. | Series C · USD 140M · Sep 202440,000+ active business customers and 2M+ travelers (company data) · Oct 2026 | Last known equity round: Series C · USD 140M · Sep 2024 (Permira; Blackstone, Telescope Partners)Method | Be the first | Back |
| 3 | FenbeitongCorporate spend management platform in China that started with business travel booking and reimbursement and now also covers meals, procurement, virtual cards and employee payments. | Series C · USD 92.5M · Mar 2021Revenue up ~300% year on year in 2020 (company) · Mar 2021 | Last known equity round: Series C · USD 92.5M · Mar 2021 (Tencent, GL Ventures; IDG Capital, Ribbit Capital, Eight Roads Ventures, Glade Brook Capital)Method | Not open to BackersCompanies based in mainland China are ranked like any other startup, but Uback does not open pools on them: capital controls and offshore (VIE) structures make minority deals impractical for our Backers. You can still declare an interest in this segment → |
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| 4 | SpotnanaCloud-based travel-as-a-service platform that gives travel management companies, airlines and corporations an open booking, servicing and content infrastructure through APIs and white-label tools. | Series B · USD 75M · Jul 2022Key metrics not disclosed | Last known equity round: Series B · USD 75M · Jul 2022 (Durable Capital Partners; ICONIQ, Madrona Venture Group)Method | Be the first | Back |
| 5 | NabooPlatform for organising corporate offsites, seminars and team events, giving companies a catalogue of venues and packages with booking, budget tracking and on-site support. | Series B · USD 70M · Feb 2026Revenue of EUR 17M in 2025 · 2025 | Last known equity round: Series B · USD 70M · Feb 2026 (Lightspeed; Notion Capital, ISAI, Ternel)Method | Be the first | Back |
| — | Corporate Travel ManagementListed · ASX · CTD | USD 325MMarket cap · Oct 2026Listed company · not ranked | |||
| 6 | OnFly#46 in BrazilCorporate travel and expense management platform for Brazilian companies, offering booking of flights, hotels and buses with approval workflows and expense reporting. | Series B · USD 40M · Jan 2025Key metrics not disclosed | Last known equity round: Series B · USD 40M · Jan 2025 (Tidemark, Endeavor Catalyst, Left Lane Capital)Method | Be the first | Back |
| 7 | Bizaway#21 in ItalyBusiness travel management platform for companies, combining online booking of flights, trains and hotels with travel policy controls and support from travel agents. | Series B · USD 38.9M · Sep 2024Key metrics not disclosed | Last known equity round: Series B · USD 38.9M · Sep 2024 (Mayfair Equity Partners)Method | Be the first | Back |
| 8 | Paytrack#47 in BrazilSoftware for managing corporate travel and expenses in Brazil, covering booking, policy approvals, corporate cards and expense reports for mid-sized and large companies. | Series B · USD 38.8M · Jan 2025Key metrics not disclosed | Last known equity round: Series B · USD 38.8M · Jan 2025 (Riverwood Capital)Method | Be the first | Back |
| 9 | Groups360Online marketplace and software for booking hotel room blocks and meeting space, used by planners of corporate meetings, events and group trips and by hotel chains. | Undisclosed · USD 35M · Apr 2022Key metrics not disclosed | Last known equity round: Undisclosed · USD 35M · Apr 2022Method | Be the first | Back |
| 10 | Lanes & PlanesBusiness travel platform for companies that combines online booking of flights, trains, hotels and rental cars with policy rules, automated invoicing and personal service. | Series B · USD 35M · Oct 2023Key metrics not disclosed | Last known equity round: Series B · USD 35M · Oct 2023 (Smash Capital; Battery Ventures, Coparion, DN Capital, AllIron)Method | Be the first | Back |
| 11 | ITILITETravel and expense management platform for mid-sized and large companies, combining policy-based booking of flights and hotels with expense reporting and a travel support desk. | Series C · USD 29M · Apr 2022Key metrics not disclosed | Last known equity round: Series C · USD 29M · Apr 2022 (Tiger Global, Dharana Capital; Greenoaks, Vy Capital, Z47)Method | Be the first | Back |
| 12 | VOLLCorporate travel and mobility platform in Brazil that lets companies book flights, hotels, buses and ride-hailing under one policy, with a travel agency service behind it. · Controlled by Warburg Pincus | Control transaction (primary + secondary) · Nov 2025Expected GMV of about BRL 2bn in 2025 · Nov 2025 | Last known equity round: Control transaction (primary + secondary) · Nov 2025 (Warburg Pincus) Published valuation: USD 110M (Nov 2025)Method |
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| — | SerkoListed · NZX · SKO | USD 91MMarket cap · Oct 2026Listed company · not ranked | |||
| 13 | BizlySoftware for booking small and mid-sized corporate meetings and events at hotels and venues, with instant proposals, policy controls and spend tracking for companies. | Undisclosed · USD 13.9M · Apr 2023Key metrics not disclosed | Last known equity round: Undisclosed · USD 13.9M · Apr 2023Method | Be the first | Back |
| 14 | ClarasightAI data platform for large corporate travel programmes that merges travel, expense, card and HR data into one model for reporting, policy and emissions analysis. | Series A · USD 11.5M · Apr 2026Manages data for programmes with USD 5bn+ T&E spend (company) · Apr 2026 | Last known equity round: Series A · USD 11.5M · Apr 2026 (AlleyCorp; Thayer Ventures, Rackhouse Venture Capital, Bain & Company Future Back Ventures)Method | Be the first | Back |
| 15 | OttoAI assistant for business travellers that learns personal preferences and company policy to plan and book flights, hotels and other trip elements through chat. | Seed · USD 6M · Aug 2024Key metrics not disclosed | Last known equity round: Seed · USD 6M · Aug 2024 (Madrona)Method | Be the first | Back |
| 16 | FairjungleBusiness travel booking and management platform for SMEs and mid-sized companies, combining flights, trains and hotels with travel policy, invoicing and carbon footprint tracking. | Seed · USD 4.3M · Apr 202320,000 active users in 300+ companies across 28 countries · Apr 2023 | Last known equity round: Seed · USD 4.3M · Apr 2023 (Galion.exe)Method | Be the first | Back |
| 17 | TravelstopTravel and expense management software for companies in Asia that combines business travel booking, policy approvals and expense claims in one application. | Pre-Series A · USD 3M · Jul 2019Key metrics not disclosed | Last known equity round: Pre-Series A · USD 3M · Jul 2019 (Accel; Strive, SeedPlus)Method | Be the first | Back |
| 18 | GoodwingsBusiness travel management platform that combines booking of flights, hotels and trains with carbon footprint tracking and reporting for companies' travel programmes. | Undisclosed · USD 2.9M · Mar 2025Key metrics not disclosed | Last known equity round: Undisclosed · USD 2.9M · Mar 2025 (Global Cleantech Capital)Method | Be the first | Back |
| 19 | BizTrip AIAgentic AI software for corporate travel that plans trips, checks policy compliance and books for travellers, travel management companies and online booking tools. | Pre-seed · USD 1.5M · Feb 2026Key metrics not disclosed | Last known equity round: Pre-seed · USD 1.5M · Feb 2026 (RRE Ventures; AI Fund, BAG Ventures, Correlation Ventures, Sabre Corporation)Method | Be the first | Back |
Back · Backing on Uback (pronounced “you back”) means declaring an Interest (free) or an Intention (coming soon). Backing does not mean that this company is raising funds or that a shareholder is selling shares, and it is not a commitment to invest. Any deal, through a funding round or a sale by an existing shareholder, is handled by a partner desk: the Fundraising Desk of the country for a round, the Secondary Sales Desk assigned to the company for a sale. · Terms
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Challengers
A registered company raising funds that is not in the ranking will be able, for a fee, to appear in a separate list labelled “Challengers”, for a set period, with a memo available to verified Backers. The listing has no effect on the ranking. Not open yet.
Radar · known eligible companies, not ranked
Sorted by date of last round, with no judgement and no AI call.
- AI Travel (TransferData) · Japan · AsiaAug 2025Back
- Roomex · Ireland · Europe2019Back
No company on the radar in this region yet.
Listed benchmarks
Not ranked: no intention is possible on a listed company.
- Navan · United StatesNasdaq · NAVN · USD 7.02bn (Oct 2026)
- Corporate Travel Management · AustraliaASX · CTD · USD 325M (Oct 2026)
- Serko · New ZealandNZX · SKO · USD 91M (Oct 2026)
Sources and method for this segment
Calendar. Global segment rankings are published twice a year. Next edition: February 3, 2027.
Eligibility. At least $1M raised in equity, non-listed company, main activity in this segment (business travel). A company appears in one segment only.
Sources. Company announcements, Bloomberg, Reuters, Fortune, TechCrunch, Skift, PhocusWire, Business Travel News, Sifted, Les Echos, Brazil Journal, Inc42, 36Kr and market data for listed companies.