EDINBURGH, Scotland–(BUSINESS WIRE)–Skyscanner, the global travel search engine, today announced five new
partners who between them will invest £128 million ($192 million) in the
company. This includes both primary and secondary proceeds and sees the
incoming investors acquire an undisclosed share of Skyscanner.
The primary investment in Skyscanner will support the company’s strategy
and accelerate its rapid growth in the £332 billion ($500 billion)
online travel market.
In addition, it expands Skyscanner’s access to additional sources of
expertise and different virtual and geographic marketplaces around the
world. Artemis, Baillie Gifford, Khazanah, Vitruvian Partners and Yahoo!
JAPAN now join SEP and Sequoia as the company’s investment partners:
Artemis is a global fund manager that manages more than £22 billion
($33 billion) across a range of funds.
Baillie Gifford is an independent investment manager based in
Edinburgh, investing globally on behalf of its clients.
Khazanah Nasional Berhad is the strategic investment fund of the
Government of Malaysia and enjoys excellent access to markets across
the Asia Pacific region.
Vitruvian Partners is a leading European investor with a track record
of backing fast-growing businesses with deep expertise in online
Yahoo! JAPAN is already a venture partner in Skyscanner Japan. Its
investment further strengthens this relationship.
Gareth Williams, Skyscanner CEO, said: “Skyscanner has enjoyed high
double-digit growth rates for some years now, and has been profitable
since 2009. This success is thanks to our 1,200 direct partner
relationships, the trust of the 50 million travellers who use us every
month, our technology and the dedication of our teams to deliver the
best experience for travellers possible. This financing round and our
recent new hires allow us to build fantastic further tools for
travellers. I’d like to thank SEP and Sequoia for their belief in us and
also welcome our new investors to the team. We have so much more to do
together – it’s an exciting time.”
Skyscanner was advised throughout the investment process by Goldman
Sachs International and Numis Securities Ltd., who acted jointly as
financial advisers, brokers and bookrunners in connection with the
Skyscanner is a leading global travel search company providing free
search of flights, hotels and car hire around the world.
Founded in 2003 Skyscanner helps over 50 million people each month to
find their travel options.
- Skyscanner is available in 30 languages.
Skyscanner’s highly-rated free mobile apps have been downloaded over
40 million times.
The privately-owned company employs over 700 staff and has ten global
offices in Barcelona, Beijing, Budapest, Edinburgh, Glasgow, London,
Miami, Shenzhen, Singapore and Sofia.
For more information, please visit www.skyscanner.net and
Lisa Imlach, +44 131 252 5610