Skyscanner has won a first round capital funding of £2.5 million to assist its quest to become the best airfare search engine in the world. The Edinburgh-based meta search engine, which launched in 2003, signed the deal this week with venture capital group Scottish Equity Partners. Skyscanner hopes to extend its current 180-airline roster to…
Skyscanner grabs multi-million pound funding boost
Skyscanner has won a first round capital funding of £2.5 million to assist its quest to become the best airfare search engine in the world.
The Edinburgh-based meta search engine, which launched in 2003, signed the deal this week with venture capital group Scottish Equity Partners.
Skyscanner hopes to extend its current 180-airline roster to include every scheduled, low-cost and charter ticket in the world following the new injection of capital.
The three founders, including chief executive Gareth Williams, have already launched 20 different language 20 sites for Skyscanner in recent years.
Williams said: “We developed sophisticated search engine technology which is highly effective at helping consumers find bargains and airlines to sell tickets.
“It’s all about speed, coverage and usability. Skyscanner will become the first flight search engine in the world to show fares for every flight at the touch of a button.”
The senior management team includes co-founders Bonamy Grimes, now chief technology officer, and director of business development, Barry Smith.
Stuart Paterson from SEP said: “Skyscanner has the potential to become a world leader in the travel sector which is one of the web’s hottest consumer transaction areas.
“The company has a talented management team, underpinned by smart technology and a highly scaleable business model.”
