Funding helps continued enlargement 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}, as we speak introduced an roughly $370 million development funding led by world 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 might be used to drive continued product innovation throughout Lighthouse’s platform, strategic acquisitions, and world enlargement efforts.
Lighthouse’s suite of merchandise gives income managers, business leaders, and lodging homeowners with easy-to-use instruments that drive incremental bookings, streamline operations, and allow a greater buyer expertise for company. The platform is underpinned by proprietary know-how that processes over 400 terabytes of journey and market information every 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+ staff 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 reasonably priced. This funding by KKR considerably accelerates our means to reinforce our business platform by way of expanded AI capabilities and extra information units, enabling us to higher serve our current clients whereas persevering with to increase throughout the hospitality market.
KKR has established a confirmed monitor file of supporting technology-focused development corporations, having invested roughly $23 billion in associated investments since 2010 by way of its non-public fairness and development fairness funds and constructed a devoted world staff of almost 70 funding professionals with deep know-how development fairness experience. Lighthouse will be capable to leverage KKR’s intensive {industry} expertise, native assets and world community to assist additional improve its buyer choices and faucet into new segments globally.
Lighthouse has demonstrated an distinctive means to assist hoteliers of all sizes “ starting from world 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 robust monitor file, buyer loyalty, and confirmed means to ship worth throughout various markets place them because the main platform on this area. We’re proud to assist Lighthouse in increasing its world 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. Present traders 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 by way of 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 remodel complexity into confidence by offering actionable market insights, enterprise intelligence, and pricing instruments that maximize income development. We regularly innovate to ship one of the best platform for hospitality professionals to cost extra successfully, measure efficiency extra effectively, and perceive the market in new methods. Trusted by over 70,000 inns in 185 nations, Lighthouse is the one resolution that gives real-time lodge and short-term rental information in a single platform. We attempt 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 world funding agency that provides various asset administration in addition to capital markets and insurance coverage options. KKR goals to generate enticing funding returns by following a affected person and disciplined funding method, using world-class individuals, and supporting development in its portfolio corporations 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 supply retirement, life and reinsurance merchandise below the administration of World Atlantic Monetary Group. References to KKR’s investments might embrace the actions of its sponsored funds and insurance coverage subsidiaries. For extra details about KKR & Co. Inc. (NYSE: NYSE:), please go to KKR’s web site at www.kkr.com. For extra 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
