Lighthouse, a commercial intelligence platform specializing in the travel and hospitality industry, has announced a $370 million growth investment led by investment firm KKR. The funding aims to support Lighthouse’s efforts in product innovation, strategic acquisitions and global expansion within the $15 billion travel and hospitality technology sector.
Lighthouse’s suite of products provides tools for revenue managers, commercial leaders and accommodation owners to drive incremental bookings, streamline operations and enable a better customer experience for guests. The platform processes over 400 terabytes of market data daily and uses AI-driven insights to support decision-making for its clients, which include over 70,000 hospitality providers globally.
Lighthouse’s CEO Sean Fitzpatrick emphasized the company’s mission to make hospitality data and tools more accessible and affordable. “This investment significantly accelerates our ability to expand AI capabilities and enhance our platform for existing and new customers,” he added.
KKR, known for its investments in technology-focused growth companies, has invested $23 billion in the sector since 2010. “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,” said Stephen Shanley, partner and head of tech growth in Europe at KKR. “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.”
This funding follows Lighthouse’s $80 million Series B round in 2021. Existing investors, including Spectrum Equity and F-Prime Capital, will continue their involvement. The investment comes through KKR’s Next Generation Technology III Fund.
William Blair acted as financial advisor for the transaction, with legal counsel provided by Latham & Watkins for Lighthouse and Gibson Dunn for KKR.