Planned Raises $35 Million in Series B
Planned, a Montreal, Canada-based company that provides end-to-end solutions for travel and events, has raised $35 million in Series B, bringing its total funding to $65 million.
The round was led by Drive Capital, with additional participation from Outsiders Fund and two other firms.
Drive Capital is a private investment firm that partners with entrepreneurs to build long-term, sustainable businesses. Founded in 2012 and based in Columbus, Ohio, the firm invests in seed-stage, early-stage, and later-stage companies.
The company will use the funding to develop its AI capabilities, expand globally, and launch its online booking tool.
Founded in 2017 by Emeric Noel and Marc-Antoine Bonin, Planned offers an end-to-end solution for the travel and events industry. It is a source-to-pay service for travel and events accelerated by technology. They help meetings and events leaders manage their sourcing, payments, and policies through AI-accelerated services. Planned combines human service with AI to deliver cost-effective, scalable, customized sourcing and booking services. The company is trusted by major clients including PwC, Block, AWS, and Instacart.
Funding Details
Company: Planned Enterprise Inc.
Raised: $35.0M
Round: Series B
Funding Month: July 2024
Lead Investors: Drive Capital
Additional Investors: Outsiders Fund
Company Website: https://planned.com/
Software Category: Travel and Events Management