Corporate travel management platform
Lola.com is beginning a major expansion initiative sparked by $37 million in new
funding.
The Series C round was led by existing
investors General Catalyst and Accel, with participation from previous
investors CRV, Tenaya Capital and GV.
The new funding nearly doubles the
company’s prior funding, which was $44.7 million in two rounds.
"As business travelers have
become increasingly mobile, Lola.com's mission is to completely transform the
landscape of corporate travel management," says Mike Volpe, CEO of
Lola.com.
"The continued support of our investors underscores the market
potential, which is leading us to expand our partner ecosystem and double our
headcount across engineering, sales and marketing. At the core, we continue to
invest in building the best, simplest corporate travel management platform in
the industry."
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In November, Lola.com and American
Express Global Business Travel announced a five-year partnership. That deal
gives GBT clients access to Lola.com’s simplified, self-service travel
management tools and gives Lola.com both access to new customers and access to
special air and hotel pricing through GBT.
"Lola.com offers an incredibly simple solution to corporate travel
management, which enables American Express Global Business Travel to take our
value proposition to even more companies across the middle market," says Evan Konwiser, vice president of product strategy
and marketing for American Express GBT.
Lola.com was
founded in 2015 by Paul English, co-founder of Kayak. It currently has about 75
employees.