Lighthouse Announces $370 Million Series C Investment Led by KKR to Accelerate Platform Innovation and Growth via Investing.com
The investment supports the continued expansion of AI and business intelligence capabilities in more than 70,000 hospitality properties worldwide.
LONDON–( BUSINESS WIRE )– Lighthouse, the leading business intelligence platform for the travel and hospitality industry, today announced an investment of approximately $370 million led by global investment firm, KKR. This investment accelerates Lighthouse’s mission to rethink the commercial strategy of the $15 billion travel and hospitality technology market. Proceeds from the investment will be used to advance ongoing product innovation across Lighthouse’s platform, strategic acquisitions, and global expansion efforts.
Lighthouse’s suite of products provides revenue managers, sales leaders, and property owners with easy-to-use tools that drive increased bookings, streamline operations, and enable a better customer experience for guests. The platform is powered by proprietary technology that processes over 400 terabytes of traffic and market data daily and uses AI to deliver real-time insights that enable customers to make better and more efficient operational decisions. Lighthouse has established itself as the leading business intelligence platform, with 700+ employees worldwide and an industry-leading NPS score of 70+.
We are very 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 inspired by what we are working on. We’ve just started making data and visitor tools more powerful, accessible, and affordable. This investment by KKR significantly accelerates our ability to develop our commerce platform with expanded AI capabilities and additional data sets, enabling us to better serve our existing customers while continuing to grow across the hospitality market.
KKR has established a proven track record of supporting technology-focused growth companies, investing approximately $23 billion in related investments since 2010 through its private equity and growth funds and building a dedicated global team of nearly 70 investment professionals with deep expertise in technology growth. . Lighthouse will be able to leverage KKR’s extensive industry experience, local resources and global network to help develop its client offering and tap into new segments around the world.
Lighthouse has demonstrated a unique ability to support hoteliers of all sizes “from international chains to independent properties” by addressing the unique needs of each segment, said Stephen Shanley, Partner and Head of Technology Growth in Europe at KKR. Their strong track record, customer loyalty, and proven ability to deliver value across diverse markets position them as the leading platform in this space. We are proud to support Lighthouse in expanding its global footprint, driving innovation, and developing its market-leading offerings.
This latest funding builds on Lighthouse’s $80M Series B investment round, which closed in November 2021. Existing investors Spectrum Equity, F-Prime Capital, Eight Roads Ventures, and Highgate Technology Ventures will continue their participation in the venture .
KKR is investing in Lighthouse through its own The next one (LON:) Generation Technology Fund III.
William Blair served as a financial advisor. Latham & Watkins acted as legal counsel to Lighthouse and Gibson Dunn acted as legal counsel to KKR.
About the Lighthouse
Lighthouse (formerly OTA Insight) is the leading trading platform for the travel and hospitality industry. We turn complexity into confidence by providing actionable market intelligence, business intelligence, and pricing tools that drive revenue growth. We are constantly innovating ways to deliver the best platform for hospitality professionals to be cost effective, measure efficiency, and understand the market in new ways. Trusted by more than 70,000 hotels in 185 countries, Lighthouse is the only solution that provides real-time hotel and short-term rental data in one place. We strive to deliver the best experience possible with unparalleled customer service. We consider our clients as true partners” their success is our success. For more information about Lighthouse, please visit:
About KKR
KKR is a leading global investment firm providing alternative asset management and capital markets and insurance solutions. KKR aims to generate attractive returns on investment by following a patient and systematic investment approach, employing world-class people, and supporting the growth of its companies and communities. KKR sponsors investment funds that invest in private equity, debt and real assets and has strategic partners managing hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. KKR’s investment portfolio may include the activities of its mutual funds and insurance subsidiaries. For more information about KKR & Co. Inc. (NYSE: NYSE:), please visit KKR’s website at www.kkr.com. For more information about Global Atlantic Financial Group, please visit the Global Atlantic Financial Group website at www.globalatlantic.com.
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The Lighthouse
Adam Swart
pr@mylighthouse.com
KKR
FGS Global
Alastair Elwen / Jack Shelley
+44 20 7251 3801
KKR-LON@fgsglobal.com
Source: KKR
