Skyscanner secures new investment

TD Guest Writer

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Travel search site Skyscanner has secured a new stakeholder in Sequoia Capital to an investment value of US$800 million.

The website will now benefit from further growth under the new partnership, which is one of the largest investments Sequoia has made to date.

Scottish Equity Partners remains the company’s largest investor, which has already seen Skyscanner double its business in four years.

“Sequoia Capital’s investment in Skyscanner brings us a depth of experience drawn from a pantheon of tech brands. We want to provide comprehensive and inspiring answers to travellers worldwide for all aspects of their trips. We intend to offer our users more of the great technology and functionality they’re already familiar with,” said Skyscanner’s CEO Gareth Williams.

Sequoia’s chairman Michael Moritz will sit on the Skyscanner board, with the company previously helping the likes of Apple’s Steve Jobs and Google’s Sergey Brin and Larry Page.

Skyscanner was acquired by Fogg earlier this year.
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