UK-based online travel search company Momondo Grouphas received an £80m ($129.2m) investment from private equity fund Great Hill Partners, which took a majority stake in the company.
The deal values Momondo, which raised an undisclosed amount from price comparison site Cheapflights in 2011, at more than $213m.
Momondo is an online travel search company that operates in more than 30 countries. The new capital will enable Momondo to scale its business and expand into international markets, while it continues to improve its product for mobile devices.
Hugo Burge, chief executive of Momondo Group, said: “We received expressions of interest from a wide range of high-calibre corporate and private equity investors. After a robust process we are pleased to be working closely with an investor who understands our culture and shares our vision – in a partnership which we believe represents the best outcome for our diverse range of stakeholders and investors.
Momondo received an $8.3m investment from Barclays Bank in June in order to assist it in securing future acquisitions.