Scottish travel search firm Skyscanner said that it has partnered with European venture capital firm Sequoia Capital. Michael Moritz will represent Sequoia on Skyscanner´s board of directors.
According to Skyscanner, Sequoia Capital´s secondary investment values Skyscanner at USD 800m and will give the company access to a deep pool of experience at a time when the company is undergoing a period of rapid, self-funded growth.
This is one of the largest investments in any company Sequoia Capital has made to date.
Scottish Equity Partners remains the company´s largest investor.
Skyscanner has grown more than 100% year on year for the past four years. It more than doubled its staff last year and will double staff again to 500 over the next year. Its mobile app has been downloaded over 25m times and its web site attracts over 25m unique users a month.
The firm has just opened a new office in Miami as a base from which to build its business in the US, Canadian and Latin American markets. It is already showing triple digit growth elsewhere around the world.
Skyscanner recently acquired of Fogg, a Barcelona-based company that makes internet hotel search simpler and faster.
Find out more at www.skyscanner.net.