GNRL-ATLANTIC/KIWI.COM
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 (or “the Company”) 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.”
Drawing from nearly 40 years of experience investing in over 350 global growth companies, General Atlantic focuses on sectors that continue to be shaped by technology and innovation, developing and capitalizing on disruptive themes. Past and current investments in the global online travel industry include Priceline, Airbnb, Meituan, Flixbus, Uber, Despegar, Smiles and Mafengwo.
Citi is acting as exclusive financial adviser to Kiwi.com in connection to this transaction. CMS and DLA Piper are providing legal advice to Kiwi.com and its shareholders on this transaction. Weil, Gotshal & Manges is providing legal advice to General Atlantic.
Citi is acting for the company and no one else in connection with the sale of Kiwi.com described herein and will not be responsible to any other person other than the Company for providing the protections afforded to clients of Citi or for providing advice in relation to such sale.
About General Atlantic
General Atlantic is a leading global
growth equity firm providing capital and strategic support for growth
companies. Established in 1980, General Atlantic combines a
collaborative global approach, sector specific expertise, a long-term
investment horizon and a deep understanding of growth drivers to partner
with great entrepreneurs and management teams to build exceptional
businesses worldwide. General Atlantic has more than 150 investment
professionals based in New York, Amsterdam, Beijing, Greenwich, Hong
Kong, Jakarta, London, Mexico City, Mumbai, Munich, Palo Alto, São
Paulo, Shanghai, and Singapore. For more information on General
Atlantic, please visit the website: www.generalatlantic.com
.
About Kiwi.com
Kiwi.com (formally known as SkyPicker) was
founded in 2012 by Oliver Dlouhý and Jozef Képesi. The travel tech
company was created for travelers by travelers. Powered by its
proprietary algorithm that allows users to combine flights from over 500
airlines (virtual interlining), it is one of the fastest growing
technology companies in Central Europe. Today, the company sees more
than 90 million flight searches every day and employs over 2,400 people
worldwide. 2018 saw the launch of NOMAD, a revolutionary new way to
combine cheap flights, and Tequila, the new B2B platform is for partners
of all sizes. For the second consecutive year, Kiwi.com was named the
best Start-up of the Czech Republic by the Czech Forbes Magazine (June
2018).
View source version on businesswire.com: https://www.businesswire.com/news/home/20190603005277/en/
Contact:
Mary Armstrong General Atlantic media@generalatlantic.com
Kiwi.com Press Office pr@kiwi.com
About Business Wire
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
Andersen Consulting forbedrer sine organisatoriske udviklingskapaciteter med Omni HR Consulting1.8.2025 19:22:00 CEST | Pressemeddelelse
Andersen Consulting udvider sine kompetencer inden for menneskelige ressourcer gennem en samarbejdsaftale med Omni HR Consulting, et sydafrikansk konsulentfirma med speciale i løsninger til forretnings- og personaleudvikling. Omni HR Consulting tilbyder en komplet pakke af tjenester, der omfatter organisationsudvikling, præstationsrådgivning, akkrediteret uddannelse, kompetenceudvikling og ledelsesprogrammer gennem sit Business and Leadership Academy. Virksomheden samarbejder med kunderne om at designe og implementere løsninger, der retter sig mod medarbejdernes kompetencer, optimering af resultater og strategisk tilpasning og understøttes af en konsekvent tilgang til projektledelse og overholdelse af sydafrikanske kvalitetsstandarder. "Hos Omni tror vi på, at effektiv udvikling starter med forståelse af konteksten," siger administrerende direktør Lize Moldenhauer. "Vi arbejder tæt sammen med vores kunder for at udvikle skræddersyede løsninger, der skaber målbare fremskridt – hvad ente
DevvStream Deploys Crypto Treasury with Initial Bitcoin and Solana Purchases; Intends to Expand Credit Facility to $300M1.8.2025 16:00:00 CEST | Press release
DevvStream Corp. (Nasdaq: DEVS) (“DevvStream” or the “Company”), a leading carbon management firm specializing in the development, investment, and sale of environmental assets, today announced the initial deployment of its crypto treasury strategy with purchases of Bitcoin ($BTC) and Solana ($SOL), funded by a portion of the first (US)$10 million tranche of its (US)$300 million senior secured convertible notes facility with Helena Global Investment Opportunities 1 Ltd. These acquisitions represent the operational launch of DevvStream’s digital treasury strategy, designed to combine institutional-grade liquidity with blockchain infrastructure. The Company believes Bitcoin provides a liquid, non-correlated store of value and that Solana’s high-throughput network supports the Company’s long-term objectives in, and the industry’s move towards, sustainability-linked tokenization. In parallel, DevvStream announced its intention to increase its existing Equity Line of Credit (ELOC) to (US)$30
BEYOND Launches PASSO, a Sculptural Icon on Palm Jumeirah1.8.2025 15:17:00 CEST | Press release
BEYOND Developments, the forward-thinking real estate brand shaping lifestyle destinations by the sea, has unveiled PASSO, a sculptural waterfront development located on the prestigious West Crescent of Palm Jumeirah. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250801880717/en/ PASSO by BEYOND, a Sculptural Icon on Palm Jumeirah. (Photo: AETOSWire) As BEYOND’s first flagship beyond its masterplan in Dubai Maritime City, PASSO marks a defining milestone in the company’s strategic growth to one of the world’s most iconic and desirable destinations. The project launched with a spectacular Palm Jumeirah event featuring Dubai’s first-ever “screens in the sky” show, a 13-minute performance with over 4,000 drones blending immersive visuals and live stage action. Comprising two sculptural towers, Avita and Bella, PASSO offers 625 residences in a refined mix of layouts. From one-bedroom retreats and two-to-four-bedroom-plus lifest
LevelBlue Completes Acquisition of Aon’s Cybersecurity and IP Litigation Consulting Groups1.8.2025 14:00:00 CEST | Press release
Strategic deal enhances LevelBlue's cybersecurity offerings, solidifying its position as the world’s largest leading independent, pure-play MSSP LevelBlue, a global leader in cloud-based, AI-driven managed security services, today announced the completion of its acquisition of Aon’s (NYSE: AON) Cybersecurity and Intellectual Property (IP) Litigation consulting groups, including the renowned cybersecurity firm, Stroz Friedberg, and Elysium Digital. With this completion the consulting group will operate as Stroz Friedberg, a LevelBlue company. This strategic acquisition adds elite cyber and high-tech IP litigation consulting expertise to the LevelBlue portfolio, which includes a globally recognized platform of approximately 300 technology professionals with deep relationships across Fortune 500 companies, 80 percent of the Am Law 100, and most of the UK’s top 20 law firms. As a result, LevelBlue will significantly fortify its incident response and advisory capabilities, while expanding i
SBC Medical to Announce Q2 2025 Financial Results and Hold Conference Call on August 13, 20251.8.2025 14:00:00 CEST | Press release
SBC Medical Group Holdings Incorporated (Nasdaq: SBC) (“SBC Medical” or the “Company”), a global franchise and provider of services for aesthetic clinics, today announced that it will report its Q2 2025 financial results on Wednesday, August 13, 2025, before the U.S. market opens. The Company will hold a conference call on Wednesday, August 13, 2025 at 8:30 am Eastern Time (or Wednesday, August 13, 2025 at 9:30 pm Japan Time) to discuss the financial results and take questions live. Please register in advance of the conference using the link provided below. https://edge.media-server.com/mmc/p/ukc9sp9j It will automatically direct you to the registration page of “SBC Q2 2025 Financial Results Presentation.” Please follow the steps to enter your registration details, then click “Submit.” Upon registration, you will be able to access the dedicated Conference Call viewing site. In addition to viewing the conference call, this site provides access to information about the speakers as well a
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom