Tech Company Financing Transactions

Troop Funding Round

On 3/30/2023, Troop raised $11 million in Series B financing from Durable Capital Partners, Madrona Venture Group and All Iron Ventures.

Transaction Overview

Company Name
Announced On
3/30/2023
Transaction Type
Venture Equity
Amount
$11,000,000
Round
Series B
Investors

Durable Capital Partners (Lead Investor) (Henry Ellenbogen)

Madrona Venture Group (Lead Investor)

All Iron Ventures

Conexo Ventures

Proceeds Purpose
This funding round enabling it to increase its team in the areas of technology, sales and customer service to support its rapid expansion across Europe and the US. It plans to launch it One platform later this year.

Company Information

Company Status
Private & Independent
Industry
Transportation
Mailing Address
251 Little Falls Dr
Wilmington, 19808
DE
Phone
Undisclosed
Email Address
Overview
TROOP is on a mission to reinvent meeting planning, taking what is an inefficient, drawn out and laborious process today and making it simple and quick for anyone to organise a meeting. Workforces are now distributed, no longer office based everyday meaning that yesterday's commuter has become tomorrow's business traveller. Meeting in person is now much rarer as we managed without it for so long so it is much harder to justify although the activity is more valuable than ever because we have been separated. Having up to date data to make the right decision on whether to meet in person, virtually or in a hybrid format is a must have for companies of any size however this has not been available to access dynamically from a single source until now the TROOP. In the past people relied on their personal opinions and experience of travel however all this has changed with covid. Flight schedules are decimated, pricing changes rapidly, as do the travel restrictions and in some cases so does the
Profile
Troop LinkedIn Company Profile
Social Media
Troop Company Twitter Account
Company News
Troop News
Facebook
Troop on Facebook
YouTube
Troop on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Leonard Cremer
  Leonard Cremer LinkedIn Profile  Leonard Cremer Twitter Account  Leonard Cremer News  Leonard Cremer on Facebook


 

 

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Next: 3/30/2023: Foro venture capital transaction

 

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