TripActions raises $155 million

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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]