LONDON, UNITED KINGDOM – November 21, 2024
Lighthouse, a London-based hospitality tech company, has secured a £300 million ($370 million) Series C funding round led by KKR through its Next Generation Technology III Fund. The round also included participation from existing investors Spectrum Equity, F-Prime Capital, Eight Roads Ventures, and Highgate Technology Ventures.
Revolutionizing Hospitality with AI
Founded by Sean Fitzpatrick, Lighthouse develops AI-powered commercial intelligence tools designed to optimize operations and enhance guest experiences for over 70,000 hospitality properties worldwide. The platform processes 400 terabytes of market data daily, delivering actionable insights to drive revenue growth and operational efficiency.
The company’s innovative solutions have positioned it as a leader in the $15 billion travel and hospitality tech market, supported by a global team of 700 employees and an industry-leading NPS score of 70+.
Strategic Growth Initiatives
The newly raised funds will be used to:
• Advance product innovation and development.
• Support strategic acquisitions in complementary markets.
• Expand Lighthouse’s global footprint, leveraging KKR’s extensive expertise and network.
Stephen Shanley, Director at KKR, emphasized the significance of Lighthouse’s value proposition:
“Lighthouse delivers unparalleled insights and efficiency to hospitality operators of all sizes, from global chains to independent properties. This investment underscores our confidence in their ability to transform the industry.”
Strong Momentum
This Series C follows an $80 million Series B round in 2021, marking a trajectory of rapid growth and market leadership. Lighthouse’s commitment to leveraging AI for operational transformation has earned it recognition as a driving force in the hospitality tech sector.
For more information, visit mylighthouse.com.
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Location: London, United Kingdom
