TripActions, the travel and spend management platform, announced $275 million in Series F growth funding at a post-money valuation of $7.25 billion. Led by Greenoaks with strong participation from investor Elad Gil, Base Partners, and all key existing financial investors, the funding, according to an announcement, underscores TripActions’ rapid market penetration and the increased demand for end-to-end, modern corporate travel, payments, and expense management technology. Ariel Cohen, CEO, said TripActions is experiencing massive growth “as companies recognize the imperative for consumer-grade tech tools and efficiency that comes from real-time, contextual data.” He said that just as TripActions continues to disrupt the corporate travel market, TripActions Liquid is set to replace traditional spend management solutions. No other company, he said, “is able to provide a single, unified T&E solution for enterprise companies on a global scale.” Nearly two-thirds of businesses have or are planning to switch travel management solutions as a result of the pandemic, according to TripActions. From Feb 1, 2020 – Jul 31, 2021, TripActions more than doubled its aggregate travel budget under management, while expense budget under management grew 1400% over the same period. Recent enterprise customer wins include Heineken, Crate & Barrel, Primark and Snowflake.