Lufthansa has taken a minority stake in business travel platform TripActions, which is aiming to expand in Europe.
In the past year, TripActions claims to have grown rapidly in the UK and expects to double its number of employees in the UK this year, taking on additional staff in support, operations, product, sales and marketing. It currently employs ore than 40 staff in London and expects to recruit 40 to 50 more.
Lufthansa is TripActions’ first strategic investor. The company, which launched in the US four years ago, has raised more than $250 million in its Series D funding.
“We are excited to enter into this strategic partnership with TripActions to foster modern airline retailing to the benefit of our corporate customers,” said Tamur Goudarzi Pour, senior vice president of revenue management & distribution at Lufthansa Group Hub Airlines. “Jointly we aim to develop a unique customer experience and are committed to shaping the industry through our joint distribution innovation.”
The investment follows news that the two companies entered into a strategic NDC partnership last November.