A company attempting to create the world’s first comprehensive flight search engine is set for new heights following a first funding round of £2.5m.
Skyscanner, founded in 2003, has been backed by venture capital group Scottish Equity Partners (SEP) to expand its rapidly-growing air travel site.
The Edinburgh-based company has developed its own search engine technology which already allows consumers to obtain instant online comparisons on fares from more than 180 airlines to more than 5,000 destinations.
It plans to cover every scheduled flight from budget and chartered airlines as well as major carriers.
Its site, www.skyscanner.net
is free and can be accessed in over 20 languages and is attracting around one million enquiries a day.
The company also has agreements with the majority of European airlines but following the funding is now targeting global coverage.
“We developed sophisticated search engine technology which is highly effective at helping consumers find bargains and airlines to sell tickets. It’s all about speed, coverage and usability,” says company founder Gareth Williams.
“Skyscanner will become the first flight search engine in the world to show fares for every flight at the touch of a button.”
The company, which has 26 staff, met its investor at the Tech Tour event which came to Scotland in December 2006. SEP believed that the company, founded by IT specialists had the potential to become a world leader.
Stuart Paterson of SEP said: “Skyscanner has the potential to become a world leader in the travel sector which is one of the web’s hottest consumer transaction areas.
“The company has a talented management team, underpinned by smart technology and a highly scaleable business model.”
© Crimson Business Ltd. 2007