Would you bet millions of dollars on a corporate travel comeback? Doesn’t matter. Andreessen Horowitz, Addition and Elad Gil are anyways.
This week, the trio led a nine-figure financing round in TripActions, a software company that helps other companies book and manage corporate travel. But the news is (always) more than the number. I see TripActions’ growth as a signal to travel sector startups, which faced the brunt of the pandemic’s impact. We’ve heard the market is emerging again, but the fact that investors poured money into an up-round valued at $5 billion adds an extra layer of …
