London-based Lighthouse, a commercial intelligence platform for the travel and hospitality industry, has raised €351.8 million ($370 million USD) in Series C funding.
The round, led by global investment firm KKR through its Next Generation Technology III Fund, also included Spectrum Equity, F-Prime Capital, Eight Roads Ventures, and Highgate Technology Ventures.
This funding propels Lighthouse to unicorn status, valuing the company at over $1 billion USD.
Advertisement
Revolutionizing Hospitality with AI and Data Insights
Founded as OTA Insight, the AI Company provides a suite of AI-powered tools for over 70,000 hotels in 185 countries. Its platform processes over 400 terabytes of data daily to deliver real-time insights, pricing optimization, and operational strategies. Designed for revenue managers, commercial leaders, and accommodation providers, Lighthouse helps businesses streamline operations and maximize profitability.
CEO Sean Fitzpatrick emphasized the mission: “This investment allows us to expand AI capabilities, integrate more data sets, and make our tools even more accessible and impactful for the hospitality sector.”
Scaling Global Operations
The funds will support the unicorn in enhancing its platform, making strategic acquisitions, and expanding into new markets. The company aims to transform the $15 billion travel tech industry with innovative solutions.
“Lighthouse has proven itself as a leader, delivering value to both global chains and independent properties,” said Stephen Shanley, Partner at KKR. “We are proud to support their mission to revolutionize the hospitality sector.”
About KKR
With $23 billion invested in tech-focused growth companies since 2010, KKR brings deep expertise and a global network to Lighthouse, empowering the company to scale rapidly and continue innovating.
This latest funding marks a significant milestone for Lighthouse as it positions itself at the forefront of hospitality technology, reshaping the industry with advanced AI-driven solutions.
