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July 17, 2025 – Blockskye, a leading innovator in blockchain-powered travel solutions for businesses, today announced it has successfully closed a $15.8 million funding round. This significant investment will accelerate Blockskye’s mission to transform the $1.4 trillion corporate travel industry by providing a streamlined, transparent, and cost-efficient platform for booking, payment, and tracking.
The corporate travel ecosystem has long been hampered by outdated infrastructure and an over-reliance on intermediaries, leading to opaque supply chains, hidden costs, and inefficient processes. Blockskye is disrupting this traditional model by putting companies squarely in charge, enabling direct connections between corporations and travel suppliers, and eliminating unnecessary middlemen.
"Today, we're announcing $15.8 million in funding to keep building what corporate travel should be," said Brook Armstrong, co-founder of Blockskye. "Our clients are already benefiting from 14.5% lower travel costs, 84% less agent spend, and millions recovered from unused tickets through real-time ownership tracking. Stablecoin adoption for enterprises only adds value when transactions are settled in real time, transaction by transaction. This is the big unlock, because disputes happen at the transaction level not the batch level."
Central to Blockskye’s offering is Blockskye Pay™, an industry-first payment architecture that leverages real-time, blockchain-powered technology to revolutionize how corporate travel payments are made and reconciled. This innovative solution offers an average of 9% savings per transaction across the entire ecosystem by minimizing human error and providing unparalleled transparency. Unlike traditional methods, Blockskye Pay simplifies payments without the need for credit cards, offering automated ticket management and a comprehensive 360° view of travel spend that can be confidently shared with executive teams.
Blockskye’s platform is built on deep travel industry knowledge, tailored to suppliers' needs, and free of non-value-add intermediaries, ensuring easier, more direct access to all content types, including GDS, NDC, and true direct bookings. The company’s proven reliability is underscored by the trust it has earned from industry leaders such as KAYAK and PwC.
This new funding will be strategically deployed to expand Blockskye’s reach to more Fortune 500 companies and to further penetrate key international markets across Europe, Latin America, and Asia. Blockskye is committed to providing worldwide coverage and consistent service across every time zone, ensuring global impact.
Recent milestones and strategic partnerships highlight Blockskye’s rapid growth and influence:
- April 29, 2025: Blockskye and KAYAK for Business selected ALTOUR as their Global Travel Agency Partner, enhancing service delivery and content access.
- February 4, 2025: Blockskye debuted its B360 solution, linking consumer loyalty programs with managed business travel, with United Airlines as a launch supplier.
Composed of seasoned travel industry veterans and cutting-edge tech experts, the Blockskye team is dedicated to setting new benchmarks for excellence and redefining industry standards.
About Blockskye
Founded in 2017 and headquartered in Boston, Massachusetts, Blockskye is pioneering the future of corporate travel solutions. By leveraging blockchain technology, Blockskye provides an innovative platform that streamlines booking, payment, and tracking processes, offering unparalleled transparency, significant cost savings, and enhanced efficiency for businesses worldwide. Blockskye is committed to empowering companies to take control of their travel programs, moving beyond outdated systems to a modern, direct, and fully accountable ecosystem.
Compiled by CMO Intern team
