Skyscanner Raises $192 Million in Funding at $1.6 Billion Valuation
Photo Credit: Skyscanner will use a new funding round to provide liquidity to existing investors as well as to expand internationally. Skyscanner
Skift Take
Skyscanner has more or less been a bootstrapper in metasearch, growing mostly organically and profitably for the last seven years. But its challenge has been how to get to the next level. It's unclear how much of a difference this latest funding round will make since a chunk of it will be used as a payout to existing investors.
Skyscanner, the Scotland-based flight-metasearch site, states it picked up $192 million in "primary and secondary" investments from five investors.
The Financial Times reports that the investment, part of which will be used to buy out some of the positions of existing investors, values Skyscanner at $1.6 billion. That would be double its $800 million valuation from 2013, when Sequoia Capital bought out
