TravelBank, the leading all-in-one business travel and expense management platform, today announced a strategic capital investment from Dreamers VC, the global venture capital fund with a co-founding team that includes American actor Will Smith and Japanese soccer player Keisuke Honda. Dreamers VC invested an undisclosed amount.
Along with the new capital investment, Dreamers VC will also help TravelBank expand and gain customers in the entertainment industry. Dreamers VC, as well as Westbrook Inc, Will and Jada Pinkett Smith’s new media venture, are also both TravelBank customers. The travel and expense management platform has previously focused on the SMB market and is expanding into other industries, currently serving more than 120,000 users.
“At TravelBank we believe business travel should be simple and seamless, as well as include leisure time to participate in new ideas and cultures. By exposing people to new experiences when on the road, we believe travel can make each of us better people. We share this vision with Dreamer’s mission for making the world better and we are excited to be working with them,” says Duke Chung, co-founder and CEO of TravelBank.
“Our team has experienced first-hand the positive impact TravelBank’s technology can have in the workplace, and how its simple to use approach streamlines important, yet time-consuming and sometimes confusing processes,” says Tashi Nakanishi, Co-founder and Managing Partner at Dreamers VC. “TravelBank is already improving the lives of its users, directly aligning with our mission, and we’re excited to be a part of what’s next.”
TravelBank also has now grown its customers from serving 800 organizations in 2017 to now 20,000. The announcement was made at TravelBank’s annual travel conference, Altitude, where TravelBank also announced a slew of new products including SuperItinerary, which powers travel door-to-door for business travelers. For more information, please visit https://travelbank.com/.
TravelBank is the leading all-in-one business travel and expense management platform, powering the expense and travel solution for more than 20,000 companies. Businesses gain immediate control of their travel program, reducing travel spend by 30% on average while improving employee happiness through a user-friendly design and travel rewards program. Companies can create and deploy custom travel policies with ease and create a baseline for travel spend, and have access to TravelBank’s in-house customer success team for 24/7 concierge-level support, always available by phone, email, or chat. For more information, please visit TravelBank.com or download our iOS or Android app.
About Dreamers VC
Dreamers is a venture capital fund bridging established Japanese corporate investors with early-stage US-based companies. Founded by Will Smith, Keisuke Honda, and Tashi Nakanishi, we invest in innovative companies, alongside top-tier lead investors, with the goal of improving lives through the application of emerging technology. For more information, please visit Dreamers.vc.