Planned, the first source-to-pay service for Travel & Events accelerated by technology has secured $35 Million in Series B Funding round, bringing the total amount to $65M, was led by Drive Capital, with the participation of Outsiders Fund and two other firms. In addition to the funding announcement, Planned added Frederic Lalonde, CEO and Co-Founder of Hopper and former VP at Expedia, to its Board of Directors.
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With the assistance of Series B funding, Planned will be able to further develop its AI capabilities, expand internationally, and introduce its online booking tool, making it the first one-stop shop for leaders in travel and events.
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“We’ve made remarkable strides since our Series A, achieving a 30x increase in revenue and earning the trust of major clients including PwC, Block, and AWS,” said Marc Bonin, CEO of Planned.
“The Meetings & Events industry is highly complex and remains profoundly traditional and labor-intensive to this day. But AI changed everything. Our vision is that by combining human service and AI, we can challenge the status quo that traditional travel & sourcing agencies (TMCs) present and provide a faster, more personalized service to clients. We believe that the TMC of the future has to be tech-enabled, and fundraising will allow us to accelerate our development.”
Planned is excited to welcome Frederic Lalonde, CEO and Co-Founder of Hopper and former VP at Expedia, to its Board of Directors. “Joining Planned at this pivotal moment is incredibly exciting,” said Frederic Lalonde. “Planned’s innovative approach makes it a standout in an industry that is almost tragically old school. I look forward to contributing to its continued success and expansion.”
About Planned
Founded in 2017, Planned combines human service with AI to deliver cost-effective, scalable, and custom sourcing and booking services. Trusted by major clients including Nike, Block, and Airbnb, Planned consistently generates 13% in savings or more on multi-million dollar budgets, enabling more in-person connections with greater ROI.
