Vitruvian,Yahoo! Japan, Baillie Gifford, Artemis and Khazanah are investing $192m in primary and secondary capital into Skyscanner. Skyscanner is one of the leading independent flight metasearch companies globally. The FT reported a valuation of $1.6bn, this round is a great successfor Skyscanner and also for early investors SEP.
The momentum of deals in the European travel sector remains very strong.
Skyscanner today (12/01/16) 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: