Lighthouse, a London, UK-based provider of a commercial intelligence platform for the travel and hospitality industry, raised $370M in Series C funding.
The round was led by KKR through its Next Generation Technology III Fund. Existing investors Spectrum Equity, F-Prime Capital, Eight Roads Ventures, and Highgate Technology Ventures will continue their participation in the business.
The company intends to use the funds to drive continued product innovation across its platform, strategic acquisitions, and global expansion efforts.
Led by CEO Sean Fitzpatrick, Lighthouse (formerly OTA Insight) is a provider of a commercial platform for the travel and hospitality industry providing actionable market insights, business intelligence, and pricing tools that maximize revenue growth. The company’s suite of products provides revenue managers, commercial leaders, and accommodation owners with tools that drive incremental bookings, streamline operations, and enable a better customer experience for guests. The platform is underpinned by proprietary technology that processes over 400 terabytes of travel and market data daily and leverages AI to deliver real-time insights that enable customers to make better and more efficient operational decisions.
It is used by over 70,000 hotels in 185 countries.
FinSMEs
21/11/2024