Funding helps continued growth of AI and enterprise intelligence capabilities for over 70,000 hospitality properties globally
LONDON–(BUSINESS WIRE)–Lighthouse, the main business intelligence platform for the journey & hospitality {industry}, at present introduced an roughly $370 million progress funding led by international funding agency, KKR. This funding accelerates Lighthouse’s mission to reimagine business technique for the $15 billion journey & hospitality know-how market. Proceeds from the funding shall be used to drive continued product innovation throughout Lighthouse’s platform, strategic acquisitions, and international growth efforts.
Lighthouse’s suite of merchandise supplies income managers, business leaders, and lodging house owners with easy-to-use instruments that drive incremental bookings, streamline operations, and allow a greater buyer expertise for visitors. The platform is underpinned by proprietary know-how that processes over 400 terabytes of journey and market information each day and leverages AI to ship real-time insights that allow clients to make higher and extra environment friendly operational choices. Lighthouse has established itself as hospitality’s main business intelligence platform, with 700+ workers worldwide and an industry-leading NPS rating of 70+.
We’re extraordinarily grateful to the 70,000+ hospitality suppliers, who’ve positioned their belief in Lighthouse, mentioned Sean Fitzpatrick, CEO of Lighthouse. I could not be extra energized by what we’re working in direction of. We’re simply getting began in making hospitality information and instruments extra highly effective, accessible, and inexpensive. This funding by KKR considerably accelerates our potential to reinforce our business platform via expanded AI capabilities and extra information units, enabling us to higher serve our present clients whereas persevering with to broaden throughout the hospitality market.
KKR has established a confirmed observe file of supporting technology-focused progress firms, having invested roughly $23 billion in associated investments since 2010 via its non-public fairness and progress fairness funds and constructed a devoted international staff of almost 70 funding professionals with deep know-how progress fairness experience. Lighthouse will have the ability to leverage KKR’s in depth {industry} expertise, native assets and international community to assist additional improve its buyer choices and faucet into new segments globally.
Lighthouse has demonstrated an distinctive potential to assist hoteliers of all sizes “ starting from international chains to unbiased properties “ by addressing the distinctive wants of every phase, mentioned Stephen Shanley, Companion and Head of Tech Development in Europe at KKR. Their sturdy observe file, buyer loyalty, and confirmed potential to ship worth throughout different markets place them because the main platform on this house. We’re proud to assist Lighthouse in increasing its international footprint, driving continued innovation, and enhancing its market main choices.
This newest funding builds on Lighthouse’s $80M Collection B funding spherical, which was accomplished in November 2021. Current buyers Spectrum Fairness, F-Prime Capital, Eight Roads Ventures, and Highgate Know-how Ventures will proceed their participation within the enterprise.
KKR is making the funding in Lighthouse via its Subsequent (LON:) Era Know-how III Fund.
William Blair acted as monetary advisor. Latham & Watkins served as authorized advisor to Lighthouse and Gibson Dunn as authorized advisor to KKR.
About Lighthouse
Lighthouse (previously OTA Perception) is the main business platform for the journey & hospitality {industry}. We rework complexity into confidence by offering actionable market insights, enterprise intelligence, and pricing instruments that maximize income progress. We regularly innovate to ship the most effective platform for hospitality professionals to cost extra successfully, measure efficiency extra effectively, and perceive the market in new methods. Trusted by over 70,000 accommodations in 185 nations, Lighthouse is the one answer that gives real-time lodge and short-term rental information in a single platform. We try to ship the absolute best expertise with unmatched customer support. We think about our purchasers as true companions”their success is our success. For extra details about Lighthouse, please go to: https://www.mylighthouse.com.
About KKR
KKR is a number one international funding agency that gives various asset administration in addition to capital markets and insurance coverage options. KKR goals to generate engaging funding returns by following a affected person and disciplined funding method, using world-class individuals, and supporting progress in its portfolio firms and communities. KKR sponsors funding funds that put money into non-public fairness, credit score and actual belongings and has strategic companions that handle hedge funds. KKR’s insurance coverage subsidiaries provide retirement, life and reinsurance merchandise beneath the administration of World Atlantic Monetary Group. References to KKR’s investments could embody the actions of its sponsored funds and insurance coverage subsidiaries. For added details about KKR & Co. Inc. (NYSE: NYSE:), please go to KKR’s web site at www.kkr.com. For added details about World Atlantic Monetary Group, please go to World Atlantic Monetary Group’s web site at www.globalatlantic.com.
View supply model on businesswire.com: https://www.businesswire.com/information/house/20241120724034/en/
Lighthouse
Adam Swart
pr@mylighthouse.com
KKR
FGS World
Alastair Elwen / Jack Shelley
+44 20 7251 3801
KKR-LON@fgsglobal.com
Supply: KKR
