Engine
“Can a profitable business travel marketplace become the financial OS for SMB travelers by embedding banking, lending, and payments into its booking platform?”
HQDenver, Colorado, USA
Total raised$205M+
Latest roundSeries C, 2023
Valuation$2.1B (2023)
IndustryMarketplace / Travel
The story
Originally launched as Hotel Engine, a business travel platform focused on hotel booking for SMBs. The company rebranded to Engine in 2023 following its $140M Series C, expanding its scope to a comprehensive business travel marketplace covering hotels, airlines, and rental cars. Engine is now embedding financial services into its platform via Mambu, signaling a move toward becoming a full-stack business travel and fintech OS for its business traveler base.
Product timeline
2023
Rebranded from Hotel Engine to Engine, expanding platform beyond hotels to include 300 airlines and 40 rental car companies.· pivot
2023
Raised $140M Series C at $2.1B valuation led by Permira, a 62% jump from prior $1.3B valuation.· funding
2023
Partnered with Mambu to embed financial services into the platform.· banking
The stack
Accounting gap: none