On January 11, 2022, TravelPerk S.L. closed the transaction. The company amended the terms of the transaction. The company received $115 million in its second and final tranche bringing the total gross proceeds raised in the transaction to $275 million from new lead investor General Catalyst Group Management, LLC, returning lead investor Kinnevik AB, individual investor Gillian Tans.

As part of the transaction, Joel Cutler of General Catalyst Group Management, LLC; and Gillian Tans will join the board of directors of the company. The round is raised at a post-money valuation of over $1,300 million. The company has raised $409 million in funding till date.