Lighthouse, a leading hotel technology solution provider, has secured a $370 million growth investment from global investment firm KKR. This funding, deployed through KKR’s Next Generation Technology III Fund, will support Lighthouse’s product innovation, strategic acquisitions, and global expansion efforts. Lighthouse’s platform offers a suite of tools to empower stakeholders in the hospitality industry with real-time data, market insights, and AI-powered pricing recommendations. The company serves over 70,000 hotels in 185 countries and maintains a high Net Promoter Score.
CEO Sean Fitzpatrick stated that the investment will accelerate the development of data and AI capabilities and support geographic expansion to better serve customers and enter new markets. KKR’s investment aligns with its strategy of supporting technology-focused growth companies, with a deep expertise in the technology sector. Lighthouse’s recent rebranding and product enhancements, including the launch of Smart Compset and Smart Summaries, demonstrate its commitment to innovation and driving customer success.
The $370 million investment builds on Lighthouse’s previous funding rounds and showcases investor confidence in the company’s potential. With a diverse product portfolio and strong track record in the hospitality technology market, Lighthouse is poised for continued growth and leadership. As the industry increasingly relies on data-driven insights and AI solutions, Lighthouse’s offerings will empower hotels to optimize revenue strategies, streamline operations, and enhance the guest experience.
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