UK Startup Lighthouse Secures $370M, Achieves Unicorn Status
The hospitality analytics company plans to expand globally, enhance AI tools, and pursue acquisitions after a KKR-led funding round valued it at over $1 billion.
- Lighthouse, a London-based hospitality analytics startup, raised $370 million in a Series C funding round led by KKR, reaching a valuation of over $1 billion.
- The company uses AI to process 400 terabytes of travel data daily, offering insights on pricing, booking trends, and market comparisons to over 70,000 clients in 185 countries.
- Founded in 2012 in Belgium, Lighthouse has grown into a global operation with 700 employees and a client base that includes major hotel chains like Holiday Inn, Radisson, and NH Hotel Group.
- The funding will be used to enhance AI capabilities, expand internationally, and pursue mergers and acquisitions, with Lighthouse already completing four acquisitions to date.
- CEO Sean Fitzpatrick described the company as positioned to disrupt the $15 billion travel tech market, where only a small percentage of hotels currently use similar advanced analytics tools.