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The travel price comparison company Skyscanner has just raised 192 million US dollars of funding, putting its value at over 1 billion US dollars.
The investors include companies from Japan, Malaysia and the UK, reflecting the global interest in the company. Yahoo Japan is one company to have invested, following the joint venture deal the two companies made in July. The deal saw Skyscanner power flight search results for the search engine.
Skyscanner has been embarking on an international expansion plan, recently opening offices in Hungary and Bulgaria and entering the Chinese and Japanese travel markets, and has said it will use the money to continue its global growth.
Skyscanner currently has 50 million monthly users from all over the globe and generates an annual revenue of £93 million.