Perk Secures $300 Million Credit Facility to Accelerate Global Growth of Its AI-Native Platform
Perk, a private AI-native travel and spend management platform, closed a $300 million private credit facility. Hercules Capital (HTGC) is listed as one of the co-lenders alongside Neuberger Speciality Finance, Blue Owl Capital, and Liquidity. The facility replaces Perk’s prior credit facility on improved terms and will fund global growth and AI product investment.
Key figures
- Perk arr
- 300000000
- Facility size
- 300000000
- Perk revenue growth
- 48%
- Perk gross margin end
- mid-70s
- Perk gross margin start
- 40%
AI analysis
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