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Hotel technology solution provider Lighthouse has secured a significant $370 million growth investment from global investment firm KKR. This funding, provided through KKR’s Next Generation Technology III Fund, will support Lighthouse’s ongoing initiatives in product innovation, strategic acquisitions, and global expansion within the hospitality technology sector.
Lighthouse’s platform offers a comprehensive suite of tools for revenue managers, commercial leaders, and accommodation owners, providing real-time data, market insights, competitive intelligence, and AI-powered pricing recommendations. With a customer base of over 70,000 hotels in 185 countries and a high Net Promoter Score, Lighthouse is well-regarded in the industry.
CEO Sean Fitzpatrick emphasized that the investment will enhance data and AI capabilities, as well as geographical expansion, to better serve existing clients and enter new markets. KKR’s investment aligns with its focus on technology-focused growth companies, leveraging its expertise and global network to support Lighthouse’s growth.
Lighthouse’s recent rebranding and expansion of its product portfolio demonstrate its commitment to innovation. From Rate Insight to Smart Summaries, the company offers a range of solutions aimed at empowering hotels to optimize revenue strategies and enhance the guest experience.
With this substantial funding round and strong market position, Lighthouse is poised for continued success and leadership in the hospitality technology sector. As the industry increasingly relies on data-driven insights and AI-powered solutions, Lighthouse’s offerings are well-positioned to meet the evolving needs of hotels worldwide.
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