DCM Ventures leads TravelBank’s latest round


San Francisco-based TravelBank, provider of a travel expense and rewards app for business, announced it has raised $25 million in a Series B round of funding. DCM Ventures led the round of funding with participation from Propel Venture Partners, DanHua Capital, New Enterprise Associates, Accel Partners and Silicon Valley Bank. The company has now raised $35 million since it was founded in 2016. DCM co-founder General Partner David Chao has joined the board. The funding announcement comes as TravelBank makes its rewards program available to the public on iOS and has added Amazon gift gards to its rewards store.

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