Business travel and spend management platform company TripActions has raised $155 million in a Series E funding round.
The funding was led by existing investor Andreessen Horowitz; Addition, founded by Lee Fixel; and investor Elad Gil. Existing investors Zeev Ventures, Lightspeed Venture Partners, and Greenoaks Capital, also participated in the investments.
The funding pegs TripActions at a $5 billion valuation, the company said in a statement.
TripActions has raised $790 million in funding to date.
You can find a blog post by TripActions co-founders Ariel Cohen and Ilan Twig, here.
[Image courtesy: TripActions]