TripActions, the travel management platform, announced a new $304 million in funding, including a combination of $154 million in equity from new and existing financial investors and a $150 million structured capital transaction led by Coatue Ventures.  As a result, Coatue’s chairman, Dan Rose, is joining TripActions’ board of directors as an observer, and Premji Invest managing partner Sandesh Patnam is joining as an advisor. The funding, according to the company, brings its valuation to $9.2 billion. In a joint blog post, TripActions’ co-founders, CEO Ariel Cohen and chief technology officer Ilan Twig, said the company had set out to disrupt “a legacy industry full of clunky tech that frustrates employees and leads to inefficient travel and spend processes.” They said that with the new funding and continued growth, TripActions is accomplishing its goals and becoming “the accelerant that is forcing this industry to modernize.”   The company said its travel bookings are up nearly five times year over year; and Liquid, its payment platform, saw spend volume up 7.5 times year over year.