Cheapflights Owner Momondo Group Gets $130 Million in Funding from Great Hill
Photo Caption: Hugo Burge, the CEO of the Momondo Group.
Skift Take
Momondo Group is now controlled by Great Hill Partners, which has a track record in taking companies public. That is a possible exit strategy for Momondo Group, although with Skscanner's valuation dwarfing Momondo's, the latter still has a long way to go.
Momondo Group, the parent of online travel booking sites Cheapflights and Momondo, has received a $130 million in a private equity investment from Boston-based Great Hill Partners, laying to rest a process it started earlier this year to find a strategic outcome for the company.
This latest investment values the company at about $210 million, which means GHP now owns majority of the company and essentially acquired Momondo Group.
Momondo Group has been mulling making acquisitions, as well, as its Cheapflights unit tries out metasearch for the first time, and expands in
