Lighthouse, a leading hotel technology solution provider, has secured a substantial $370 million growth investment from global investment firm KKR. This funding, part of KKR’s Next Generation Technology III Fund, will support Lighthouse’s product innovation, strategic acquisitions, and global expansion efforts within the hospitality technology sector.
Lighthouse offers a comprehensive platform with tools designed to empower various stakeholders in the hospitality industry, providing real-time data, market insights, and AI-powered pricing recommendations. With over 70,000 hotels in 185 countries using its services and a high Net Promoter Score, Lighthouse has built a strong reputation for customer satisfaction.
CEO Sean Fitzpatrick emphasized the importance of the investment in accelerating data and AI capabilities, supporting geographic expansion, and ensuring continued growth and success for Lighthouse. This investment aligns with KKR’s strategy of supporting technology-focused growth companies and leveraging its extensive industry experience and global network.
The funding round builds on Lighthouse’s previous $80 million Series B funding and follows the company’s rebranding to consolidate its products and acquisitions under a unified commercial platform. Lighthouse’s diverse product portfolio, including Rate Insight, Market Insight, and Pricing Assistant, positions the company for continued leadership in the hospitality technology market. With a focus on data-driven insights and AI-powered solutions, Lighthouse aims to empower hotels to enhance the guest experience and maximize revenue generation in a rapidly evolving industry.
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