Perk Secures $300 Million Credit Facility to Accelerate AI Platform Growth
Perk (formerly TravelPerk) announced the close of a $300 million private credit facility led by Neuberger Specialty Finance, with Blue Owl Capital, Hercules Capital, and Liquidity. Proceeds will accelerate investment in product, technology, and AI, supporting global expansion including the upcoming US launch of its integrated spend platform. Perk grew revenue 48% in 2025, surpassing $300 million in annualized revenue, with gross margins improving from 40% to mid-70s.
Impact and considerations
Perk's financing reflects investor confidence in AI-native travel and spend management platforms, and its growth may impact the corporate travel management market.
Key points
- Perk closed a $300 million private credit facility.
- Revenue grew 48% in 2025, surpassing $300 million annualized.
- Proceeds to fund product, technology, and AI investments.
- Upcoming US launch of integrated spend platform.
Sources and time
- Primary source
- Perk
- Other sources
- 0
- First source publication
- 3 Jun 2026, 08:00
- Page published
- 10 Sept 2026, 00:11
- Last updated
- 3 Jun 2026, 08:00
- Original links
- Perk Press Releases：Perk secures $300 million to grow AI-native platform (opens in a new tab)Primary source · en · Published 3 Jun 2026, 08:00