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Perk - About the company

Perk is a series E company based in Austin (United States), founded in 2012 by Roj Niyogi, Avi Meir, Julian Frachtman and Adam Alexander Salamon. It operates as a Provider of AI powered platform for managing business travel, expenses, and invoices. Perk has raised $715M in funding from investors like Felix Capital, Target Global and Kinnevik, with a current valuation of $2.7B. The company has 825 active competitors, including 146 funded and 129 that have exited. Its top competitors include companies like Ramp, Navan and Pleo.

Sectors and market segments that Perk operate in

Perk serves in the Travel and Hospitality Tech, FinTech market segments.The primary business model of Perk are:

Company Details

Provider of AI powered platform for managing business travel, expenses, and invoices. It offers tools for booking trips, managing expenses, and processing invoices. It provides features such as automated receipt matching, intelligent invoice management, and customizable event planning. It also offers real-time visibility into company spend, flexible policies and approvals, and role-based permissions and controls.
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Key Metrics
Founded Year
2012
Location
Austin, United States
Stage
Series E
Total Funding
$715M in 14 rounds
Post Money Valuation
$2.7B as on Jan 27, 2025
Ranked
Employee Count
49 as on Aug 31, 2026
Investment & Acquisitions
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Perk's funding and investors

Perk has raised a total funding of $715M over 14 rounds. Its first funding round was on Mar 2016. Its latest funding round was a Conventional Debt round on Jun 03, 2026 for $300M. 4 investors participated in its latest round. Perk has 29 institutional investors and 6 angel investors.

Here is the list of recent funding rounds of Perk:lockFilter this list
Date of Funding
Funding Amount
Round Name
Post-Money Valuation
Revenue Multiple
Lead Investors
Other Investors
Jun 03, 2026
$300M
Conventional Debt
-
-
-
Jan 28, 2025
$200M
Series E
$2.7B
-
Jun 18, 2024
$135M
Conventional Debt
-
-
-
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Perk's founders and board of directors

Founder? Claim Profile
The founders of Perk are Roj Niyogi, Avi Meir, Julian Frachtman and Adam Alexander Salamon. Avi Meir is the CEO of Perk.
Here are the details of Perk's key team members:

Perk's employee count trend

Perk has 49 employees as of Aug 26. Here is Perk's employee count trend over the years:
Employee count trend for Perk
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Perk's Competitors and alternates

Top competitors of Perk include Ramp, Navan and Pleo. Here is the list of Top 10 competitors of Perk, ranked by Tracxn score:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for Ramp
Ramp
2019, New York City (United States), Series F
Provider of a platform for spend management, corporate cards, and payables
$3.22B
84/100
2nd
Logo for Navan
Navan
2015, Palo Alto (United States), Public
Provider of a platform for business travel and expense management
$1.58B
80/100
3rd
Logo for Pleo
Pleo
2015, Copenhagen (Denmark), Series C
Provider of spend management platform with virtual and physical card options
$434M
80/100
4th
Logo for Brex
Brex
2017, San Francisco (United States), Acquired
Provider of financial software platform, cards, banking, expense, and accounting
$1.2B
80/100
5th
Logo for Zaggle
Zaggle
2011, Mumbai (India), Public
Platform designed to streamline business spends, payments, and rewards through automated and innovative workflows
$13.7M
80/100
6th
Logo for Spendesk
Spendesk
2016, Paris (France), Series C
Provider of software for managing corporate spending and invoice processing
$304M
77/100
7th
Logo for Perk
Perk
2012, Austin (United States), Series E
Provider of AI powered platform for managing business travel, expenses, and invoices
$715M
76/100
8th
Logo for Emburse
Emburse
2002, San Francisco (United States), Acquired
Provider of software for managing corporate travel and expense reporting
$7.5M
76/100
9th
Logo for Concur
Concur
1988, Bellevue (United States), Acquired
Provider of travel, expense, and invoice management solutions for businesses
-
75/100
10th
Logo for Marqeta
Marqeta
2010, Oakland (United States), Public
Provider of a platform for modern card issuing and payment solutions
$528M
75/100
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Perk's Investments and acquisitions

Perk has acquired 3 companies including Viggle, SuperRewards and Playerize. Perk has not made any investments as of now.
Here is the list of its acquisitions:
Date of Investment/Acquisition
Type
Company Name
Founded Year
Location
Dec 14, 2015
Acquisition
2010
New York City (United States)
Nov 25, 2015
Acquisition
2013
San Francisco (United States)
Nov 15, 2015
Acquisition
2011
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See all acquisitions by Perk

Reports related to Perk

Here is the latest report on Perk's sector:

News related to Perk

lockFilter this list
Media has covered Perk for a total of 17 events in the last 1 year, 10 of them have been about company updates and 2 about partnerships.
•
Perk Launches Spend Platform in the U.S.Businessnewsthisweek•Sep 15, 2026•Perk
•
Perk launches visa, ETA application and payment capabilitiesBusiness Travel News Europe•Jul 24, 2026•Perk
•
Perk Launches MCP Connector to Utilize AI AssistantsBusiness Travel News Europe•Jul 13, 2026•Perk
•
Perk targets growth with opening of Abu Dhabi officeBusiness Travel News Europe•Jul 01, 2026•Perk
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