The investment will fund continued product innovation on Lighthouse’s platform, strategic acquisitions, expansion efforts. Credit: LALAKA / Shutterstock.

Lighthouse, a commercial intelligence platform for the travel and hospitality industry, has secured a substantial growth investment of approximately $370m in a Series C investment round, led by global investment company KKR.

This move is set to accelerate Lighthouse’s mission of transforming how commercial strategies are developed within the $15bn travel and hospitality technology market.

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The investment will fund continued product innovation on Lighthouse’s platform, strategic acquisitions, and efforts to expand globally.

Lighthouse’s suite of products equips revenue managers, commercial leaders, and accommodation owners with user-friendly tools that boost bookings, optimise operations, and improve the guest experience.

Lighthouse CEO Sean Fitzpatrick said: “We’re extremely grateful to the 70,000+ hospitality providers, who have placed their trust in Lighthouse. This investment by KKR significantly accelerates our ability to enhance our commercial platform through expanded AI capabilities and additional data sets, enabling us to better serve our existing customers while continuing to expand across the hospitality market.”

The company’s technology can process more than 400TB of travel and market data per day. It utilises AI to deliver real-time insights that help customers make smarter, more efficient operational decisions.

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With a history of backing technology-focused growth companies and approximately $23bn invested since 2010, KKR has a global network to support Lighthouse’s expansion and enhance its customer offerings.

This investment, made through KKR’s Next Generation Technology III Fund, follows Lighthouse’s $80m Series B round in November 2021.

Existing investors, including Spectrum Equity, F-Prime Capital, Eight Roads Ventures, and Highgate Technology Ventures, remain committed to Lighthouse’s growth.

William Blair and Latham & Watkins provided financial and legal advisory services to Lighthouse, respectively, while Gibson Dunn advised KKR on legal matters.

KKR Europe Tech Growth head and partner Stephen Shanley said: “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. 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.”