Total amount raised
$197.2 Million
Latest funding date
1/1/2016
Location
Skyscanner has successfully raised funding over four rounds, with the latest being a Venture - Series Unknown round. The company is backed by eight investors, including Artemis and Baillie Gifford.
Skyscanner's financial journey reflects its growth and strategic investments, such as its stake in Kindaba. Keep reading to explore the intricacies of Skyscanner's fundraising journey and the investors backing this innovative platform.
What Is Skyscanner?
Skyscanner, based in Edinburgh, United Kingdom, is a prominent travel search aggregator and online travel agency. The company specializes in comparing flights, hotels, and car rental deals from multiple sources, making travel planning more accessible and affordable.
Founded in 2003, Skyscanner has grown significantly, employing between 1001-5000 people. The company operates as a private entity and has been acquired by Ctrip. Skyscanner's innovative platform continues to attract users worldwide, solidifying its position in the travel and tourism industry.
How Much Funding Has Skyscanner Raised?
- Series A
- Amount Raised: GBP 2,500,000
- Date: November 2007
- Lead Investors: Scottish Equity Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support early-stage growth and development of the platform.
- Non-Equity Assistance
- Date: October 2013
- Lead Investors: Future Fifty
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To gain strategic support and resources for scaling operations.
- Series Unknown
- Date: October 2013
- Lead Investors: Sequoia Capital
- Valuation at Round: $800 million
- Motivation Behind the Round: To expand internationally and enhance technological capabilities.
- Series Unknown
- Amount Raised: $192,000,000
- Date: January 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: $1.6 billion
- Motivation Behind the Round: To provide liquidity to existing investors and support further international expansion.
Total Amount Raised: $192,000,000
Current Valuation: $1.6 billion
Key Investors
- Artemis
- Details: Artemis is a UK-based investment management firm known for its active management approach. The firm manages a range of funds across various asset classes.
- Investment Focus Areas: Equities, fixed income, multi-asset.
- Notable Investments: Not publicly disclosed.
- Baillie Gifford
- Details: Baillie Gifford is an independent investment management firm based in Edinburgh, Scotland. The firm is known for its long-term investment approach.
- Investment Focus Areas: Technology, healthcare, consumer goods.
- Notable Investments: Tesla, Amazon, Alibaba.
- Scottish Equity Partners
- Details: Scottish Equity Partners (SEP) is a leading UK-based venture capital firm. SEP focuses on high-growth technology companies.
- Investment Focus Areas: Technology, healthcare, energy.
- Notable Investments: Skyscanner, MatchesFashion, Mister Spex.
- Sequoia Capital
- Details: Sequoia Capital is a renowned American venture capital firm. It has a strong track record of investing in early-stage and growth-stage companies.
- Investment Focus Areas: Technology, healthcare, financial services.
- Notable Investments: Apple, Google, WhatsApp.
- Future Fifty
- Details: Future Fifty is a UK government-backed program that supports high-growth tech companies. It provides access to expertise and resources to scale operations.
- Investment Focus Areas: Technology, digital services, innovation.
- Notable Investments: Not publicly disclosed.
What's Next for Skyscanner?
Skyscanner's recent $192 million funding round, which values the company at $1.6 billion, opens up significant opportunities for international expansion and technological advancements. This influx of capital provides a robust foundation for scaling operations and enhancing the user experience on their platform.
Given the successful funding round and increased valuation, Skyscanner is well-positioned to attract further investments. This could lead to additional fundraising opportunities, enabling the company to continue its growth trajectory and potentially explore strategic acquisitions to strengthen its market position.
However, Skyscanner faces challenges in effectively utilizing the new funding to achieve the next level of growth. Balancing the need to provide liquidity to existing investors while investing in expansion efforts will be crucial. Navigating the competitive landscape of the online travel industry will also require strategic planning and execution.
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