Edinburgh-based online travel search engine Skyscanner has received £128m in funding from five new investment partners, gaining unicorn status.
Global Fund manager Artemis, independent investment manager Baillie Gifford, governmental investment fund Khazanah Nasional Berhad, European investor Vitruvian Partners and Yahoo! Japan participated in the round.
According to a company statement, the funds will be used to support Skyscanner’s strategy and growth in the existing £332bn online travel market.
Speaking about the investment, Gareth Williams, Skyscanner CEO, said: “Skyscanner has enjoyed high double-digit growth rates for some years now, and has been profitable since 2009 … This financing round and our recent new hires allow us to build fantastic further tools for travelers.”