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Skyscanner Lands £128m Investment

Alex Spencer

Aeroplane-airline-travel-holiday.jpgFlight comparison site Skyscanner has announced a £128m round of investment.

The funding comes from five new partners: Artemis, Baillie Gifford, Khazanah and Vitruvian Partners, as well as Yahoo Japan, which is already a venture partner for the firm's Japanese operations.

Skyscanner has not disclosed what share of the company the investors will receive, though the Financial Times reports the company is now valued at around $1.6bn (£1.1bn).

“Skyscanner has enjoyed high double-digit growth rates for some years now, and has been profitable since 2009,” said CEO Gareth Williams. “This financing round and our recent new hires allow us to build fantastic further tools for travellers.”

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