Global growth equity firm General Atlantic announced today a strategic investment in Kiwi.com, a leading online travel booking platform powered by cutting-edge technology. Co-founders Oliver Dlouhý and Jozef Képesi will remain significant shareholders and continue to drive Kiwi.com’s strategic growth plans in partnership with General Atlantic. Terms of the deal were not disclosed.
Kiwi.com, a rapidly growing technology company, was founded in 2012 and was recognized as the #1 fastest-growing Czech start-up by Forbes Magazine in 2017 and 2018. Through its proprietary technology and algorithms, Kiwi.com has a unique ability to offer expansive flight options to value-conscious consumers. The Company pioneered technology that matches passengers to multiple carriers and flights on single itineraries, and partners with airlines, online travel agencies, and metasearch engines to sell more than €1 billion in tickets across the globe.
“We are thrilled to partner with General Atlantic as we embark on our next phase of growth, seeking to bring optionality and value to our expanding customer base in an increasingly complex online travel market,” said Mr. Dlouhý. “The firm’s deep expertise in the tech and travel sectors and track record of helping high-growth, category-disrupting companies achieve global scale will be hugely beneficial as we take Kiwi.com to the next level.”
“In just six years, Oliver and the Kiwi.com team have profitably built one of the most disruptive and transformative technology platforms in the large and fragmented online travel industry,” said Tanzeen Syed, Managing Director at General Atlantic. “We look forward to supporting Oliver’s vision of creating a seamless and comprehensive travel experience for value-conscious consumers worldwide.”
“We firmly believe that consumers increasingly demand differentiated services to meet their needs,” added Chris Caulkin, Managing Director at General Atlantic. “Kiwi is certainly at the forefront of technology solutions that are bringing significant value to travelers, airlines, and metasearch platforms alike.”