TROOP

trooptravel.com ↗ ·Madrid ·Series B

TROOP is a cloud-based meeting planning and group travel logistics platform (TROOP ONE) that helps companies decide where and how to hold in-person meetings, offsites and events using data on cost, travel time, carbon footprint, safety and visa requirements. Founded in 2017 and headquartered in Madrid with entities in the US, UK and South Africa, it operates as a remote-first B2B SaaS company serving enterprise clients in consulting, tech and pharma. It has raised roughly $19M in total, including an $8M Series A in 2021 led by Madrona Venture Group and an $11M Series B in March 2023 co-led by Durable Capital Partners and Madrona.

Founded

2017

Founders

Total funds raised

€17.4M

SectorsTravel & Hospitality, Corporate Travel, Enterprise Software, SaaS, Events & MICE, Data Analytics Start-up MapTravel & Hospitality › Corporate & group travel management

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Founders

Dennis Vilovic

Co-Founder & CEO

Leonard Cremer

Co-Founder

Global models 4

Navan

United States · navan.com ↗

Sells companies a B2B SaaS platform for booking and managing employee travel, including group trips and offsites; TROOP is narrower and focuses on planning group meetings.

$2.2BComparable

Perk

Spain · www.perk.com ↗

Sells companies a subscription SaaS platform for booking and managing their business travel, and like TROOP it tracks carbon and duty-of-care data.

$1.0BComparable

Bizzabo

United States · www.bizzabo.com ↗

Sells enterprises a subscription SaaS platform for planning and running their in-person and hybrid meetings and events.

$238MComparable

Cvent

United States · www.cvent.com ↗

The best-known enterprise SaaS for meeting and event planning, including venue sourcing and managing group attendee logistics; its funding figure is venture money raised before its IPO.

$150MComparable