Funding round
Lighthouse Series B
Lighthouse, which works in travel and hospitality business intelligence solutions in London, raised $80M in a Series B round announced on 1 Nov 2021, led by Spectrum Equity. 4 firms took part. It is Lighthouse's first venture round on record.
$80M
Amount raised
Not disclosed
Post-money valuation
4
Investors
1 lead
Valuation
What this round says about the price
Lighthouse did not disclose a valuation in this round. It is Lighthouse's first venture round on record, 9 years after it was founded in 2012. It is 18% of the $450M Lighthouse has raised in the venture rounds on record. Lighthouse raised again 36 months later: a Series C round of $370M in Nov 2024, at $2.40B post-money.
Lighthouse's funding rounds
Lighthouse has 2 venture rounds on record. This one is highlighted.
- Series B this round 1 Nov 2021, led by Spectrum Equity $80M
- Series C 21 Nov 2024, led by KKR $370M$2.40B post-money
Investors
Who put money in
Spectrum Equity led the round with 3 other firms.
Lead investor
- Spectrum Equity new investor
Also in the round
- backs 125 venture-backed companies new investor
- F-Prime Capital new investor
- Highgate Technology Ventures new investor
Joined the board: Steve LeSieur (Spectrum Equity).
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
1,034 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $31M, and this round was 2.6 times the median. The closest in time, other companies' Series B rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Forte Tech Companies | 12 Nov 2021 | $725M | not disclosed | The SEA Capital and Kora |
| Tech Companies | 10 Nov 2021 | $205M | $1.50B | PSG |
| Tech Companies | 4 Nov 2021 | $160M | not disclosed | FTV Management Company |
| Tech Companies | 30 Nov 2021 | $115M | $850M | Tiger Global and Menlo Ventures |
| Tech Companies | 8 Nov 2021 | $100M | $1.00B | ICONIQ Growth |
| Tech Companies | 3 Nov 2021 | $100M | $600M | ICONIQ Growth |
| Tech Companies | 10 Nov 2021 | $100M | $1.00B | Tiger Global Management |
| Tech Companies | 2 Nov 2021 | $93M | not disclosed | SoftBank Vision Fund |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Lighthouse raise in its Series B round?
Lighthouse raised $80M in its Series B round, announced in Nov 2021.
Who led Lighthouse's Series B round?
Spectrum Equity led it, with Eight Roads, F-Prime Capital and Highgate Technology Ventures.
What was Lighthouse's valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Tech Companies?
1,034 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $31M, and this round was 2.6 times the median.
Did Lighthouse raise again after this round?
Yes: a Series C round in Nov 2024 of $370M at $2.40B post-money.