Lufthansa invests in TripActions

Lufthansa Group has become the first airline company to invest in business travel platform TripActions, kicking off a strategic partnership. The investment – made through the Lufthansa Innovation Hub – comes as TripActions continues to expand into Europe after opening offices in London and Amsterdam in 2018. It marks Lufthansa’s fourth investment in a tech company and closes a Series D funding round with more than US$250 million raised at a valuation of US$4 billion. TripActions was shortlisted for Best Self-Booking Tool at the 2020 Business Travel Awards. According to the company, the investment from Lufthansa adds to its global momentum and supports its growth into the UK. It claims to have seen 1,000 per cent growth in the country and predicts a doubling of employee headcount in the market 2020.