OTA Insight secures £59.5m Series B funding led by Spectrum Equity
Spectrum Equity led the Series B round to support global expansion and product development.
OTA Insight provides cloud-based business intelligence and data analytics tools for the hospitality sector. Its platform helps hotels manage pricing decisions and market dynamics.
London-based hospitality intelligence platform OTA Insight has secured £59.5m in a Series B funding round. Growth equity firm Spectrum Equity led the investment, with additional backing from existing investors Eight Roads, F-Prime Capital, and Highgate Technology Ventures. The capital will support product innovation, engineering, sales, and the company's global expansion efforts as technology adoption accelerates across the sector.
Founded to help hotel operators navigate complex pricing and market data, OTA Insight currently serves more than 55,000 properties globally. The latest financing follows a period of strong growth through the industry recovery, positioning the firm to further scale its operations and extend its international footprint, particularly in the Americas.
From the founder
"Prior to the pandemic, the hospitality industry had been open to gradually adopting newtechnology. Our business experienced significant growth through 2020 despite the industry headwinds, but 2021 has been a breakthrough year for us as the recovery accelerated the pace of technology adoption. We anticipate unprecedented opportunities and growth as the recovery continues,"
Sean Fitzpatrick
CEO at OTA Insight
Investor perspective
"We’re excited to join forces with the entire OTA Insight team as they grow the company and develop new products and tools to meet the demands of an industry that is hungry for new technology."
Steve LeSieur
Managing Director, Spectrum Equity
Use of funds
- 01Continue product development
- 02Invest in sales and marketing
- 03Expand into international markets
Investors
Categories
About the company
OTA Insight
OTA Insight provides cloud-based business intelligence and analytics for the hospitality industry.