London-based Lighthouse, a commercial intelligence platform for the travel and hospitality industry, has secured nearly $370M (approximately €351.83M) in Series C growth funding. The company has achieved “unicorn” status with this round.
The investment, led by global investment firm KKR, is backed by its Next Generation Technology III Fund. Existing investors, including Spectrum Equity, F-Prime Capital, Eight Roads Ventures, and Highgate Technology Ventures, also participated in this round.
Stephen Shanley, Partner and Head of Tech Growth in Europe at KKR, says, “Lighthouse has demonstrated an exceptional ability to support hoteliers of all sizes – ranging from global chains to independent properties – by addressing the unique needs of each segment.
“Their strong track record, customer loyalty, and proven ability to deliver value across varied markets position them as the leading platform in this space.”
“We are proud to support Lighthouse in expanding its global footprint, driving continued innovation, and enhancing its market-leading offerings,” adds Shanley.
The UK-based company’s new funding follows its $80M Series B round from November 2021.
Transforming commercial strategy in travel & hospitality
Lighthouse (formerly OTA Insight) is a commercial platform for the travel and hospitality industry that provides market insights, business intelligence, and pricing tools to help businesses maximise revenue growth.
Trusted by over 70,000 hotels in 185 countries, Lighthouse offers real-time hotel and short-term rental data on a single platform. Its suite of products helps revenue managers, commercial leaders, and accommodation owners streamline operations and improve customer experience.
With over 400 terabytes of data processed daily and AI-driven insights, Lighthouse supports decision-making and operational efficiency. The company has over 700 employees globally.
Capital utilisation
The funding will help accelerate Lighthouse’s efforts to innovate its platform, make strategic acquisitions, and expand globally, aiming to transform the $15B travel and hospitality technology market.
Sean Fitzpatrick, CEO of Lighthouse, says, “We’re extremely grateful to the 70,000+ hospitality providers, who have placed their trust in Lighthouse. I couldn’t be more energised by what we’re working towards. We’re just getting started in making hospitality data and tools more powerful, accessible, and affordable.”
“This investment by KKR significantly accelerates our ability to enhance our commercial platform through expanded AI capabilities and additional data sets, enabling us to better serve our existing customers while continuing to expand across the hospitality market.”
KKR has invested around $23B in tech-focused growth companies since 2010. Lighthouse will benefit from KKR’s industry experience, resources, and global network to improve its customer offerings and expand into new markets worldwide.
Brief about KKR
KKR is a global investment firm providing asset management, capital markets, and insurance solutions. It focuses on long-term, disciplined investments, supporting growth in its portfolio companies and communities.
The firm manages funds in private equity, credit, and real assets and works with partners who manage hedge funds. Its insurance subsidiaries, managed by Global Atlantic Financial Group, offer retirement, life, and reinsurance products.
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