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Okarito raises €2.1 million to manage business travel for startups and SMEs

26 Jun, 2020
Okarito, a platform specializing in business travel, has announced its first round of funding, raising 2.1 million euros. The objective is to accelerate commercial development and strengthen teams.

Launched in January 2018 by Brice Huet and Remi Duvoux, Okarito develops a platform that allows startups and SMEs to organize their business trips and optimize the management of employee travel. The startup offers a comprehensive inventory of flights, hotels, and trains and allows executives to gain visibility into the expense of travel. Okarito announces that it has attracted more than 200 companies for travel management, including startups Welcome to the Jungle, Prestashop, Mailjet, and Payfit.

Okarito's platform offers a user-friendly interface that allows companies to easily book, modify, and cancel travel plans. Additionally, the platform allows companies to centralize their travel expenses and generate reports that provide insights on spending patterns.

Welcome to the Jungle, a recruitment platform, uses Okarito to manage the travel of its employees attending events and conferences. Prestashop, an e-commerce platform, uses Okarito for its international business travel needs. Mailjet, an email marketing platform, uses Okarito to manage its team's travel expenses. Finally, Payfit, a payroll and HR management platform, uses Okarito to optimize its travel budget.

Okarito's funding round was led by Serena Capital, a French venture capital firm. The funding will be used to hire additional employees and expand the company's reach in Europe.

Okarito's platform offers a comprehensive solution for managing business travel for startups and SMEs. Its focus on cost optimization and expense tracking has attracted a diverse range of clients, including some of the most innovative startups in France. With the recent funding, Okarito is poised for continued growth and expansion in the European market.

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