Teddy Sagi Group Invests $4 Million in Business Travel Startup Arbitrip

The Teddy Sagi Group has invested $4 million in Tel Aviv-based Arbitrip, which offers a platform for booking hotel rooms for business trips. The companies announced the investment on Tuesday. Arbitrip’s platform uses machine learning algorithms to study user preferences and booking requirements and scours the web for matching accommodations. Founded in 2015 by entrepreneurs Benny Yonovich and Orel Jossef, Arbitrip said it will use the investment to hire ten employees and expand its business development and sales operations overseas.