Lighthouse, a leading travel and hospitality industry commercial intelligence platform, announced a $370 million growth investment led by KKR. This funding advances Lighthouse’s goal of transforming commercial strategy for the $15 billion travel & hospitality technology market. The proceeds from this funding round will drive continued product innovation across Lighthouse’s platform, strategic acquisitions, and global expansion efforts.
Lighthouse’s products provide revenue managers, commercial leaders, and accommodation owners with easy-to-use tools that drive incremental bookings, streamline operations, and enable a better guest experience. This platform is supported by proprietary technology that processes over 400 terabytes of travel and market data daily and utilizes AI to deliver real-time insights that enable customers to make better and more efficient operational decisions.
KKR has a track record of supporting technology-focused growth companies. It has invested approximately $23 billion in related investments since 2010 through its private equity and growth equity funds and built a dedicated global team of nearly 70 investment professionals with deep technology growth equity expertise. Lighthouse will be able to utilize KKR’s extensive industry experience, local resources, and global network to enhance its customer offerings further and tap into new segments globally.
This funding round builds on Lighthouse’s $80 million Series B investment round, which was completed in November 2021. And existing investors Spectrum Equity, F-Prime Capital, Eight Roads Ventures, and Highgate Technology Ventures will continue their participation in the business.
KKR is making the investment in Lighthouse through its Next Generation Technology III Fund.
William Blair acted as financial advisor. And Latham & Watkins served as legal advisor to Lighthouse and Gibson Dunn as legal advisor to KKR.
KEY QUOTES:
“We’re extremely grateful to the 70,000+ hospitality providers, who have placed their trust in 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.”
– Sean Fitzpatrick, CEO of Lighthouse
“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. 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.”
– Stephen Shanley, Partner and Head of Tech Growth in Europe at KKR
