Perk Raises $300M to Turn Travel Booking Into Spend Control

Perk, the corporate travel and spend management company formerly known as TravelPerk, secured a $300 million private credit facility in June 2026.

The financing was led by Neuberger Specialty Finance, with participation from Blue Owl Capital, Hercules Capital, and Liquidity. Perk said the money will support product development, technology investment, artificial intelligence, and global growth..

The new facility replaces Perk’s earlier credit line from 2024. That previous facility was worth up to $135 million and was arranged when the company acquired AmTrav, a US business travel platform. The AmTrav deal helped Perk strengthen its US presence and doubled its US revenue, according to the company.

The company is moving beyond travel booking

Perk is trying to become a wider platform for business travel and company spending. This means it does not only help employees book flights and hotels. It also supports expenses, invoices, approvals, payments, and reporting.

AI is now a key part of Perk’s strategy

Perk says artificial intelligence is helping it automate more work and improve efficiency. The company reported more than $300 million in annualized revenue and 48 percent revenue growth in 2025. Its gross margin has also risen sharply, reaching about 75 percent, compared with around 40 percent in 2022.

For customers, this could mean faster support, easier booking, and more automated expense handling. For Perk, it means the company can grow without adding the same level of manual work behind the scenes.

Perk’s latest financing also connects with its recent product push in AI-powered workplace travel. The company launched an AI tool that automates corporate event planning, from venue selection to group travel coordination and attendee management. That makes the new $300 million facility more than just growth capital.

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