Skyscanner–The First Flight Search Engine Got £2.5 million In VCs Funding

By admin at November 19, 2007 | 8:39 pm | Print

What Company is Offering:
Skyscanner, has developed innovative proprietary search engine technology which already allows consumers to obtain instant online comparisons on fares from more than 180 airlines to more than 5,000 destinations.It plans to become the first flight search engine in the world to cover every scheduled flight, including budget and chartered airlines as well as major carriers. The website www.skyscanner.net which is free to use, is already generating profits and attracting around one million price enquiries a day.
How it Works:
Skyscanner operates a flexible easy-to-use system, allowing users to browse fare and flight information without having to specify their date of travel. It does not sell tickets but has direct links with airlines’ websites, removing the need to re-enter data. It offers a Multi-Hop flight search facility and suggestions for short and longer break destinations.
How Much They Got From VCs:
They got £2.5 million first round funding package from leading venture capital group Scottish Equity Partners (SEP) to expand its rapidly-growing air travel site into the world’s most comprehensive easy-to-use flight search engine.

What VCs Says:
“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.”
How is It Different:
Skyscanner already has commercial links with the majority of European airlines and is now targeting global coverage. The company is preparing for rapid growth as more routes are added to its database which displays search results in 20 different languages.
More at:http://www.skyscanner.net/

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