Scottish startup Kindaba secures funding, adding to the total of €270 million poured into “family tech” since 2015

Kindaba, an Edinburgh-based private visual messenger for families, has announced a new investment from Skyscanner founder Gareth Williams to grow their user base and development capabilities. A product of Edinburgh’s Seed Haus accelerator, Kindaba offers families a way to stay connected without the intrusion of advertisements. The initial concept for the company began in 2015, when […]

Holiday rental management platform TravelNest raises £3 million in seed funding

Edinburgh-based travel tech startup TravelNest has raised £3 million in seed funding from Pentech, Mangrove Capital Partners, Frontline Ventures, and former Skyscanner COO Mark Logan. TravelNest is a central platform for holiday rental hosts to manage all of their advertising in one place, providing a dashboard on the ads’ data and the property’s performance. The […]

Skyscanner acquired for £1.4 billion by China’s Ctrip

Skyscanner has been acquired for £1.4 billion by Chinese online travel company Ctrip. The Edinburgh-based flight meta search company will continue to operate independently. The deal was mostly in cash and is expected to close before the end of the year. Skyscanner, founded in 2003, compares flights and airlines for travellers and has been popular […]

Scottish Equity Partners closes its new £260 million fund

Scottish Equity Partners (SEP) has announced the close of its new £260 million fund, SEP V, for investing in high growth tech companies in the UK and Ireland as well as around the continent. SEP V will invest up to £20 million in growth-stage companies with “world class potential”. Some of SEP’s previous investments include […]

A rare Scottish unicorn sighting: Skyscanner raises $192 million at a $1.6 billion valuation

Edinburgh, Scotland-based travel metasearch website Skyscanner has raised $192 million at a $1.6 billion valuation. FT has the scoop. The investors are Artemis, Baillie Gifford, Khazanah Nasional Berhad (the investment arm of the Malaysian government), Vitruvian Partners and Yahoo! Japan. Reuters reports that the funds raised include both primary and secondary proceeds, according to Skyscanner, […]