US-based personalised travel platform Lola has raised $37m in a series C round that included GV, a corporate venturing subsidiary of internet and technology group Alphabet.
Venture capital firms General Catalyst and Accel co-led the round, which included Tenaya Capital and CRV, bringing the company’s funding to approximately $82m to date.
Founded in 2015, Lola has developed a mobile app that allows users to book flights and hotels for business trips, combining machine learning technology and human travel agents, and providing tools to help businesses create policies and view budgets and travel expenses for their employees.
Lola recently formed a partnership with American Express Global Business Travel, the travel and meetings program run by payment service provider American Express. It will put the series C funds into further developing the partnership and making strategic hires.
Mike Volpe, Lola’s chief executive, said: “As business travellers have become increasingly mobile, Lola.com’s mission is to completely transform the landscape of corporate travel management.
“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.”
Lola closed its series B round at $25m in early 2017 with $5m each from GV and Tenaya Capital. The remaining capital in the round had been supplied by CRV, General Catalyst and Accel.
The company had previously raised $19.7m in series A funding from Accel and General Catalyst the previous year.