In February 2020, the companylaunched TripActions Liquid, a payment, expense and reconciliation technology integrated into its core platform. In November 2019, the company announced that it had enabled an NDC-enabled direct connection to the Lufthansa Group. In the same month, TripActions was recognized in the Top 20 of the Forbes Cloud 100 award. In September 2019, the company announced its carbon impact initiative through providing customers visibility into the emission output of their travel programs. The total valuation of the company reached $4 billion. At the same time, TripActions raised a $250 million Series D funding round from Andreessen Horowitz, Zeev Ventures, Lightspeed Venture Partners and Group 11. In June 2019, the company announced its NDC-enabled platform in partnership with United Airlines. Later in February 2019, TripActions was recognized as one of Fast Company's Most Innovative Companies in Travel for 2019. It works for domestic and international flights, including international-to-international itineraries, and for flights on joint venture partners of American, Delta and United. The storefront includes branding and imagery of cabin classes and amenities for each airline. In February 2019, the company announced its new flight storefront in alignment with major airline partners and industry association ATPCO. Ben Horowitz joined the Board of Directors. In November 2018, the company announced a valuation north of $1 billion and a $154 million Series C funding round led by new investor Andreessen Horowitz, with participation from repeat investors Lightspeed Venture Partners, Zeev Ventures, and Group 11. In September 2018, the company opened an office in Sydney, Australia. They shared potential plans to expand to the Asia-Pacific region to scale their customer support infrastructure. In July 2018, TripActions announced its international expansion to Europe with an office in London and their European headquarters in Amsterdam. In March 2018, the company announced a $51 million Series B round led by the same two investors with participation from prior investors. The company moved in June 2017 from Menlo Park, California, to its headquarters in Palo Alto. ![]() In October 2017, the company announced that they had raised an additional $12.5 million led by Lightspeed Venture Partners with participation from Zeev Ventures and Group 11. ![]() The company officially launched out of stealth mode and announced their funding in January 2017. In January 2016, TripActions received $14.6 million series A round led by Oren Zeev Ventures and Lightspeed Venture Partners with participation from Group 11. The Palo Alto, California–based travel company, TripActions Inc., was founded in May 2015 by Ariel Cohen and Ilan Twig (also the founders of StreamOnce, acquired by Jive Software). Navan (formerly TripActions) is an online travel management, corporate card and expense management company.
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