Triporate

Based in Madrid, Spain, Triporate is a business travel management company founded in 2017 by Sergio Orozco (CEO), Ernesto Cohnen, Asier Vitorica, and Francisco Vieira. The founders launched the venture to streamline the corporate travel booking process. Ernesto Cohnen, a co-CEO, brings over a decade of IT and project management experience, including a five-year tenure as Product VP at the Indian travel search engine ixigo. The company targets a market of small to medium-sized enterprises, typically those with 10 to 500 employees, aiming to displace traditional corporate travel agencies.

Triporate operates on a Software-as-a-Service (SaaS) model, providing a platform designed to make booking flights, trains, hotels, and cars more efficient. The core of its service is the application of artificial intelligence, including natural language processing and Google's TensorFlow technology, to automate and optimize the travel management process. This allows the platform to interpret travel requests sent via email, generate personalized trip proposals that adhere to company travel policies, and learn from user behavior to improve future recommendations. Clients can interact with the service through multiple channels, including email, phone, and WhatsApp, with an optional premium personal support service. The platform centralizes travel management and consolidates all expenses into a single monthly invoice, adapted for Spanish and European taxation requirements, which simplifies expense reporting.

Since its inception, Triporate has secured significant financial backing. An early funding round in 2018 raised €266,000 through the Startupxplore platform in just one hour from 36 investors. By January 2020, the company announced a further fundraising of €1.3 million, with support from previous partners like Aurorial and Bankinter, and new investors including Reus Capital, Archipelago Next, Tokavi, and Top Seed Lab's Travel Tech 1 fund. In total, the company has raised $1.88 million. Triporate has also benefited from its participation in Google's Campus Residency program in Madrid, which has been instrumental in its technological development.

Keywords: corporate travel, business travel management, SaaS, artificial intelligence, travel technology, expense management, booking platform, SME travel, automated travel, travel policy compliance, startup, Madrid, Sergio Orozco, Ernesto Cohnen, corporate booking tool, travel automation, business trip planning, travel expense reporting, AI travel assistant, centralized travel management