BizAway lands €10M from BBVA to fund European expansion
What's the deal? BizAway, a corporate travel platform founded between Italy and Spain in 2015, has secured €10 million in debt financing led by BBVADealroom has a profile for this one. Try Dealroom →. The funding will support its acquisition of Dutch company Uniglobe Alliance TravelDealroom has a profile for this one. Try Dealroom →.
What's the endgame? The deal aims to consolidate BizAway's presence in Northern Europe and grow its client base in Belgium, the Netherlands, and Luxembourg. Uniglobe, which specialises in corporate travel with an established position in the Netherlands, fits BizAway's strategy of combining organic growth with selective acquisitions.
What does BizAway do? Its platform centralises and simplifies business travel management, automating tasks and giving clients tighter cost control from a single digital environment. The company serves more than 2,000 companies across Europe and the Middle East, offering an in-house assistance service available "24 hours a day, seven days a week."
Who's backing it? The financing is backed by the European UnionDealroom has a profile for this one. Try Dealroom → and the European Investment Fund through the InvestEU programme. "BizAway brings together many of the characteristics we look for in the companies we support from BBVA: a solid team, a differential technological proposal, and a clear ambition for international growth," said Jan de Dreu, head of Venture & Growth Lending Europe at BBVA.
Why now? Chief executive officer and co-founder Luca Carlucci said the backing gives BizAway greater flexibility to accelerate its expansion, strengthen investment in technology and team, and maintain service quality. The company aims to establish itself as the "reference partner" for business travel on the continent.
The signal: Debt financing tied to a specific acquisition points to a maturing scaleup pursuing measured growth rather than a cash burn. As BizAway builds prominence in a fragmented corporate travel market, bolt-on deals like Uniglobe give it a faster route into established European markets.
Image credit: Generated with Gemini
