Blockskye, a global travel infrastructure company focused on modernizing enterprise travel, has raised $15.8 million in a funding round led by Blockchange, with participation from United Airlines Ventures, Lightspeed Faction, and others.
This funding will support Blockskye’s mission to transform the $1.5 trillion corporate travel industry by launching new payment products, expanding into international markets, and growing its team.
Partnered with KAYAK for Business, Blockskye utilizes blockchain technology to offer an integrated platform that eliminates inefficiencies in corporate travel, enabling users to reduce travel costs by 14.5%.
Blockskye automates booking, payment, and expense reporting through its flagship products, BMAX and another offering. The company has earned the trust of clients such as PwC, Diageo, and TripAdvisor, underscoring the demand for streamlined travel management solutions.
With a total of $33 million raised, Blockskye is well-positioned for growth, with funding aimed at enhancing service for clients, expanding globally, and improving customer success.
KEY QUOTES:
“Corporate travel represents one of the last elements of enterprise operations still relying on outdated, intermediary-heavy infrastructure that lacks basic trust and transparency. This funding will enable us to continue building a platform that delivers the direct supplier connections, real-time reconciliation, and financial transparency that modern enterprises demand—finally bringing corporate travel management into the digital age.”
Brook Armstrong, co-founder and co-CEO of Blockskye
