Sequoia Capital Invests Big in Skyscanner and Values It At $800 Million
Skift Take
Sequoia Capital's investment in Skyscanner is the latest huge endorsement of travel metasearch. But could a pivot toward hotels and a possible rebranding that goes beyond airfares be in Skyscanner's future?
Metasearch is the fastest-growing sector and it just got a little hotter as venture fund Sequoia Capital invested in Scotland-based Skyscanner, and valued the company at $800 million, according to the Wall Street Journal.
UPDATE: Skyscanner Got Marquee New Shareholder But No New Money
The story says it was one of Sequoia's largest ever equity investments -- though no amount was disclosed -- which means it's likely touching $100 million or more. The $800 mil
