Last updated February 16th 2017
January 25, 2017 | Israeli business travel management startup TripActions has raised $14.6 million in Series A funding. The San-Francisco based company, which comes out of beta today, is looking to reward business travelers for keeping an eye on their spending. The funding is led by Oren Zeev of Zeev Ventures with Arif Janmohamed of Lightspeed Venture Partners also participating in the round. The investment will go into developing the TripActions platform and expanding its presence in the business travel sector. According to a statement, TripActions already has 70 customers and it claims it can save companies 30% on annual travel spend. Business travellers are rewarded for being cost conscious with TripBucks in the shape of gift vouchers, upgrades and travel credits. The TripActions’ platform enables travellers to book their trips via smartphone or PC and also includes features such as direct booking of ground transportation. It also provides US-based support for travellers and enables travel managers and finance directors to manage the travel program with savings and spend information on flights, hotels and car-hire. The startup was founded in 2015 by StreamOnce co-founders Ariel Cohen and Ilan Twig.