Lighthouse, an intelligence platform for the travel and
hospitality industry, has secured $370 million in growth investment
led by KKR.
The company (formerly OTA Insight) provides revenue managers, commercial leaders and accommodation
owners with tools that drive incremental bookings, streamline operations and
enable a better customer experience for guests.
This investment accelerates the company’s mission to reimagine
commercial strategy for the travel and hospitality technology market.
Lighthouse intends to use the investment to drive continued product innovation
across its platform, strategic acquisitions and global expansion efforts.
“We’re extremely grateful to the 70,000+ hospitality
providers, who have placed their trust in Lighthouse,” Sean Fitzpatrick,
CEO of Lighthouse, said. “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 Al capabilities and additional data sets, enabling us to
better serve our existing
customers while continuing to expand across the hospitality market.”
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Following its acquisitions
in 2022 and rebranding
in 2023, Lighthouse has acquired market
data specialist HQ revenue and hospitality channel management and
distribution software provider Stardekk
this year.
This funding builds on the platform’s Series B investment
round, where it raised $80 million in funding from Spectrum Equity. Existing investors F-Prime Capital, Eight
Road Ventures, Highgate Technology Ventures and Spectrum Equity will continue their
participation in the business.
“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,” Stephen
Shanley, partner and head of tech growth in Europe at KKR, said. “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.”
