TripActions raises $51 million

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Palo Alto-based business travel platform company TripActions has raised $51 million in Series B financing. The investment was led by Arif Janmohamed, partner at Lightspeed Venture Partners, and joined by Oren Zeev of Zeev Ventures.

TripActions says it plans to use the capital to continue to build out its technology platform and invest in strengthening operations globally.

[Image courtesy: TripActions]