Planned Secures $35M in Series B Funding, Welcomes Hopper's CEO to its Board of Directors
July 19, 2024, 3:33 pm
Location: Canada, Montreal (06), Montreal
Employees: 11-50
Founded date: 2017
Total raised: $75.7M
Planned, a Montreal-based company, has secured $35 million in Series B funding, led by Drive Capital, with participation from Outsiders Fund and two other firms. This brings their total funding to $65 million since their launch in 2017. The funding will help Planned expand its AI capabilities and solidify its position as a global service provider for travel and events.
Planned's innovative approach combines human service with AI to provide cost-effective and customized sourcing and booking services for clients like PwC, Block, and AWS. The company's AI-driven platform ensures that all travel and events are booked within policy and at the right price, potentially saving clients millions.
In addition to the funding announcement, Planned has welcomed Frederic Lalonde, CEO and Co-Founder of Hopper, to its Board of Directors. Lalonde's experience in the travel industry will be invaluable as Planned continues its global expansion and launches its online booking tool.
Planned's vision is to challenge the traditional travel and sourcing agencies by providing faster and more personalized service through technology. With this new funding, they aim to accelerate their development and revolutionize the Travel & Events industry.
The Meetings & Events industry is known for its complexity and traditional labor-intensive processes, but Planned believes that AI can change everything. By combining human service with AI, they aim to provide a tech-enabled solution that challenges the status quo and delivers exceptional service to clients.
Planned's growth and success have been remarkable, with a 5x year-over-year revenue growth since the beginning of the year. The company's unique positioning, powered by AI, sets them apart in the market and has attracted the attention of investors like Drive Capital.
Overall, Planned's Series B funding and addition of Frederic Lalonde to its Board of Directors mark an exciting chapter in the company's journey towards revolutionizing the Travel & Events industry. With their innovative approach and commitment to excellence, Planned is poised for continued success and expansion in the future.
Planned's innovative approach combines human service with AI to provide cost-effective and customized sourcing and booking services for clients like PwC, Block, and AWS. The company's AI-driven platform ensures that all travel and events are booked within policy and at the right price, potentially saving clients millions.
In addition to the funding announcement, Planned has welcomed Frederic Lalonde, CEO and Co-Founder of Hopper, to its Board of Directors. Lalonde's experience in the travel industry will be invaluable as Planned continues its global expansion and launches its online booking tool.
Planned's vision is to challenge the traditional travel and sourcing agencies by providing faster and more personalized service through technology. With this new funding, they aim to accelerate their development and revolutionize the Travel & Events industry.
The Meetings & Events industry is known for its complexity and traditional labor-intensive processes, but Planned believes that AI can change everything. By combining human service with AI, they aim to provide a tech-enabled solution that challenges the status quo and delivers exceptional service to clients.
Planned's growth and success have been remarkable, with a 5x year-over-year revenue growth since the beginning of the year. The company's unique positioning, powered by AI, sets them apart in the market and has attracted the attention of investors like Drive Capital.
Overall, Planned's Series B funding and addition of Frederic Lalonde to its Board of Directors mark an exciting chapter in the company's journey towards revolutionizing the Travel & Events industry. With their innovative approach and commitment to excellence, Planned is poised for continued success and expansion in the future.