$370m for Travel Industry Analytics Firm Lighthouse

In London, travel & hospitality industry commercial intelligence platform Lighthouse has announced a Series C growth investment of around $370m, led by KKR and valuing the firm at over $1 billion. The money will be used to continue product innovation, expand globally and pursue strategic acquisitions.

Lighthouse, formerly known as OTA Insight, says its proprietary tech processes more than 400 terabytes of travel and market data each day, fuelling a suite of products helping revenue managers, commercial leaders and accommodation owners to drive incremental bookings, streamline operations, and improve customer experience for guests. The platform taps AI to deliver real-time insights promoting better and more efficient decision-making. The firm has more than 700 employees and more than 70,000 hotel clients in 185 countries.

The funds add to the $80m the firm raised in a Series B investment round completed in November 2021. Sean Fitzpatrick, CEO of Lighthouse says the company is 'just getting started in making hospitality data and tools more powerful, accessible and affordable'. He adds: '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'.

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'. KKR formerly invested in GfK and is the owner of survey software firm Alchemer.

Web site: www.mylighthouse.com .