Deals
TripActions Negotiates New Funds at $9 Billion Valuation
- Travel firm was valued at $7.25 billion in Oct. funding round
- New round of funding comes as Nasdaq trades near Nov. 2020 low
Photographer: SeongJoon Cho/Bloomberg
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Startup TripActions is in talks for new round of funding at a higher valuation, signaling investors remain interested in some private technology companies amid a plunge in publicly-traded shares and as travel rebounds following the Covid-19 pandemic.
Palo Alto, California-based TripActions is in discussions with investors to raise new money at around a $9 billion valuation, according to people familiar with the matter, who asked not to be identified because the discussions are private.