Lighthouse, a commercial intelligence platform for the travel and hospitality industry, has announced a €370 million Series C funding round led by the global investment firm KKR. The funds will be utilised to advance product innovation, support strategic acquisitions, and drive the company’s global expansion in the €15 billion travel and hospitality technology market.
Founded in 2012, Lighthouse (formerly OTA Insight) provides a suite of tools designed to help revenue managers, commercial leaders, and accommodation owners optimise bookings, streamline operations, and improve guest experiences. Leveraging proprietary technology and AI, Lighthouse processes over 400 terabytes of travel and market data daily, offering real-time insights that enable hospitality providers to make informed operational decisions.
Used by over 70,000 properties across 185 countries, Lighthouse employs more than 700 staff worldwide.
“We’re extremely grateful to the 70,000+ hospitality providers, who have placed their trust in Lighthouse,” said Sean Fitzpatrick, CEO of Lighthouse. “I couldn’t be more energized 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’s involvement is expected to bolster Lighthouse’s capabilities and support its entry into new markets. The investment was made through KKR’s Next Generation Technology III Fund.
“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,” said Stephen Shanley, Partner and Head of Tech Growth in Europe at KKR. “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.“
This funding follows Lighthouse’s €75 million Series B round completed in November 2021. Existing investors Spectrum Equity, F-Prime Capital, Eight Roads Ventures, and Highgate Technology Ventures remain involved in the business.
Read the orginal article: https://www.eu-startups.com/2024/11/london-based-lighthouse-secures-e370-million-series-c-investment-to-accelerate-growth-of-its-commercial-intelligence-platform/
