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Investment supports continued expansion of AI and business intelligence capabilities for more than 70,000 hospitality properties worldwide
LONDON – Lighthouse, the leading commercial intelligence platform for the travel & hospitality industry, today announced an approximately $370 million growth investment led by global investment firm, KKR. This investment accelerates Lighthouse’s mission to reimagine commercial strategy for the $15 billion travel & hospitality technology market. Proceeds from these investments will be used to drive continued product innovation on the Lighthouse platform, strategic acquisitions, and global expansion efforts.
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Lighthouse’s suite of products provides revenue managers, commercial leaders, and accommodation owners with easy-to-use tools that drive incremental bookings, streamline operations, and enable a better customer experience for guests. The platform is powered by proprietary technology that processes more than 400 terabytes of travel and market data daily and uses AI to provide real-time insights that enable customers to make better and more efficient operational decisions. Lighthouse has become the leading commercial intelligence platform in hospitality, with 700+ employees worldwide and an industry-leading NPS score of 70+.
“We are 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 excited about what we’re doing. We’re just starting to make data and hospitality tools more powerful, accessible, and affordable. This investment by KKR significantly accelerates our ability to improve our commercial platform through expanded AI capabilities and data sets additionally, so we can better serve our existing customers as we continue to grow the hospitality market.
KKR has built a proven track record supporting technology-focused growth companies, having invested approximately $23 billion in related investments since 2010 through private equity and growth equity funds and building a dedicated global team of nearly 70 investment professionals with growth equity expertise deep technology. . Lighthouse will be able to leverage KKR’s extensive industry experience, local resources and global network to help enhance its customer offerings and tap into new segments around the world.
“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. “Our strong track record, customer loyalty, and proven ability to deliver value in multiple markets make it a key platform in this space. We are proud to support Beacon to expand our global footprint, drive continuous innovation, and enhance our superior offerings in the market.
This latest funding builds on Lighthouse’s $80M Series B investment round, which closes in November 2021. Spectrum Equity, F-Prime Capital, Eight Roads Ventures, and Highgate Technology Ventures will continue to participate in the business.
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KKR made the investment in Lighthouse through its Next Generation Technology III Fund.
William Blair is a financial advisor. Latham & Watkins acted as legal advisor to Lighthouse and Gibson Dunn acted as legal advisor to KKR.
About the Lighthouse
Lighthouse (formerly OTA Insight) is the leading commercial platform for the travel & hospitality industry. We turn complexity into confidence by providing actionable market insights, business intelligence, and pricing tools that drive revenue growth. We are constantly innovating to deliver the best platform to hospitality professionals at a more cost-effective price, measure performance more efficiently, 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 on a single platform. We strive to deliver the best experience with unmatched customer service. We consider our clients as true partners – their success is our success. For more information about the Lighthouse, visit: https://www.mylighthouse.com.
About KKR
KKR is a leading global investment firm offering alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiary offers pension, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include activities of sponsored funds and insurance subsidiaries. For additional information on KKR & Co. Inc. (NYSE: KKR), visit KKR’s website at www.kkr.com. For additional information about Global Atlantic Financial Group, visit Global Atlantic Financial Group’s website at www.globalatlantic.com.
See the source version on businesswire.com: https://www.businesswire.com/news/home/20241120724034/en/
Ignition
Lighthouse
Adam Swart
pr@mylighthouse.com
KKR
FGS Global
Alastair Elwen / Jack Shelley
+44 20 7251 3801
KKR-LON@fgsglobal.com
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