Skyscanner Raises £128M in Funding

skyscanner_logoSkyscanner, an Edinburgh, Scotland, UK-based travel search engine and comparison site, raised £128m (approx. $192m) in funding.

The round reportedly values the company at over $1 billion.

Backers included Artemis, Vitruvian Partners, Khazanah Nasional Berhad, the investment fund of Malaysian Government, and Yahoo! Japan.

The company will use the funds to continue to expand operations globally, especially in Asia.

Founded in 2003 and led by CEO Gareth Williams, Skyscanner is a free travel search site that allows people to plan and book direct from millions of flight, hotel and care hire options. The platform is currently available in over 30 languages and 70 currencies.
According to the company, more than 50 million people use the platform every month.
It employs over 700 people in its ten global offices.

FinSMEs

13/01/2016

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