Travel management operator Concur has announced it is releasing US$150 million into the Concur Perfect Trip Fund to invest into emerging companies.
The fund is designed to make the ‘perfect trip’ by investing in companies throughout the travel supply chain.
“Concur is committed to driving the innovation agenda for our industry, and we recognize that a critical component of that agenda is providing compelling, emerging companies with the funding they need to deliver world-class solutions,” said John Torrey, executive vice president, corporate strategy of Concur. “By leveraging our balance sheet to foster innovation and nurture game-changing technologies that can be leveraged by the entire business travel ecosystem, we can efficiently extend our vision of The Perfect Trip to companies, suppliers and travelers as well as the developers, TMCs and other vendors who serve them. “