Business Travel Startup Engine Valued at $2.1B After $140M Series C

Denver-based Engine, formerly Hotel Engine, rebrands and expands offerings following significant investment led by Permira.

Engine's new valuation marks a 62% increase from its $1.3 billion valuation after its 2021 Series B round.
The company will use the fresh capital to add flight and rental car bookings to its platform, launching in October.
Engine's platform connects business travelers with over 750,000 hotels, 300 airlines, and 40 rental car companies.
The company is profitable and experiencing 70% year-over-year revenue growth, expecting to book over ten million room nights in 2024.
Founded in 2015, Engine has raised a total of $221 million and aims to transform the entire business travel experience.