Funding round
Lighthouse Series C
Lighthouse, which works in travel and hospitality business intelligence solutions in London, raised $370M in a Series C round announced on 21 Nov 2024, led by KKR, at a $2.40B post-money valuation. 5 firms took part. It is Lighthouse's second venture round on record; the one before was a Series B in Nov 2021.
$370M
Amount raised
$2.40B
Post-money valuation
5
Investors
1 lead
15%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Lighthouse at $2.40B after the new money. The $370M bought investors about 15% of the company. It came 36 months after Lighthouse's Series B. It is 82% of the $450M Lighthouse has raised in the venture rounds on record. No later venture round is on record for Lighthouse.
Lighthouse's funding rounds
Lighthouse has 2 venture rounds on record. This one is highlighted.
- Series B 1 Nov 2021, led by Spectrum Equity $80M
- Series C this round 21 Nov 2024, led by KKR $370M$2.40B post-money
Investors
Who put money in
KKR led the round with 4 other firms.
Lead investor
- KKR backs 104 venture-backed companies new investor
Also in the round
- Spectrum Equity new investor
- F-Prime Capital new investor
- backs 125 venture-backed companies new investor
- Highgate Technology Ventures new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, scaling operations, acquisitions and working capital.
- Hiring
- Product development
- Geographic expansion
- Scaling operations
- Acquisitions
- Working capital
Comparable rounds
How it compares
258 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $55M, and this round was 6.7 times the median. The closest in time, other companies' Series C rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 12 Nov 2024 | $200M | $1.90B | Premji Invest and Radical Ventures |
| DeepRoute.ai Tech Companies | 5 Nov 2024 | $100M | $600M | not named |
| Tech Companies | 25 Nov 2024 | $100M | $1.00B | Evolution Equity Partners and Cisco Investments |
| Tech Companies | 29 Nov 2024 | $80M | not disclosed | SoftBank Vision Fund |
| Tech Companies | 19 Nov 2024 | $75M | not disclosed | Growth Equity at Goldman Sachs Alternatives and Goldman Sachs |
| Eon Tech Companies | 26 Nov 2024 | $70M | $1.40B | BOND |
| Tech Companies | 19 Nov 2024 | $60M | not disclosed | Warburg Pincus |
| Tech Companies | 12 Nov 2024 | $49M | $298M | Axon Enterprise Inc. and W23 |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Lighthouse raise in its Series C round?
Lighthouse raised $370M in its Series C round, announced in Nov 2024.
Who led Lighthouse's Series C round?
KKR led it, with Spectrum Equity, F-Prime Capital, Eight Roads and Highgate Technology Ventures.
What was Lighthouse's valuation at the Series C round?
$2.40B post-money.
How does it compare with other Series C rounds in Tech Companies?
258 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $55M, and this round was 6.7 times the median.