Skyscanner, the travel search site, has secured investment worth more than US$190 million from five new partners.
New agreements will see global fund manager Artemis, UK-based investor Baillie Gifford, Malaysia’s state investment fund Khazanah Nasional Berhad, Europe’s Vitruvian Partners and Yahoo Japan invest a combined GBP128m (approx. US$192m) in Skyscanner. Yahoo Japan was already a partner in Skyscanner Japan.
The five companies join SEP and Sequoia as Skyscanner’s investment partners, and the online travel company said this new investment would “support the company’s strategy and accelerate its rapid growth”.
“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,” said Gareth Williams, Skyscanner’s CEO.
“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.”
Founded in 2003, Skyscanner is now available in 30 languages and is used by more than 50 million people per month. The company employs over 700 staff and has 10 global offices in Barcelona, Beijing, Budapest, Edinburgh, Glasgow, London, Miami, Shenzhen, Singapore and Sofia.