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General Atlantic makes strategic investment in travel platform Kiwi.com

Global growth equity firm General Atlantic has made a strategic investment in online travel booking platform Kiwi.com. Co-founders Oliver Dlouhý and Jozef Képesi will remain significant shareholders and continue to drive the company’s strategic growth plans in partnership with General Atlantic. 

Terms of the deal have not been disclosed. 
 
Kiwi.com, whoch was founded in 2012, employs proprietary technology and algorithms to offer comprehensive 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 EUR1 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,” says 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,” says 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,” adds Chris Caulkin, Managing Director at General Atlantic. “Kiwi is certainly at the forefront of technology solutions that are bringing significant value to travellers, 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 capitalising 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 the Company 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.
 

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