About Skift
Skift is a company based in New York (United States) founded in 2012.. Skift has raised $3.6 million across 3 funding rounds from investors including Lerer Hippeau, TLabs and Advancit Capital. Skift has completed 3 acquisitions, including Airlineweekly, Daily Lodging Report and Twenty31. Skift offers products and services including Daily Skift Newsletter, Skift Research, and Skift Live Events. Skift operates in a competitive market with competitors including Travel Daily Media, Trip Vivid, Point Me To The Plane, Top Dog Days and Travel Media Technology, among others.
- Headquarter New York, United States
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Sectors
Media & Entertainment
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Email
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$3.6 M (USD)
in 3 rounds
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Latest Funding Round
$2.5 M (USD), Seed
Jan 02, 2016
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Investors
Lerer Hippeau
& 4 more
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Employee Count
Employee Count
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Investments & Acquisitions
Airlineweekly
& 2 more
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Products & Services of Skift
Skift offers a comprehensive portfolio of products and services, including Daily Skift Newsletter, Skift Research, and Skift Live Events. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Daily updates on travel industry news and trends
In-depth analysis of travel sectors and market data
Conferences and forums for travel professionals
Unlock access to complete
Funding Insights of Skift
Skift has successfully raised a total of $3.6M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $2.5 million completed in January 2016. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Seed — $2.5M
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First Round
First Round
(15 May 2013)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2016 | Amount | Seed - Skift | Valuation |
investors |
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| Aug, 2013 | Amount | Seed - Skift | Valuation |
investors |
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| May, 2013 | Amount | Seed - Skift | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Skift
Skift has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include Lerer Hippeau, TLabs and Advancit Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Consumer internet startups are accelerated and funded by TLabs.
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Founded Year | Domain | Location | |
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Tech focused VC firm investing in early-stage startups in the US
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Skift
Skift has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Airlineweekly, Daily Lodging Report and Twenty31. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provider of management strategy and research consultancy working with senior leaders of travel and tourism organizations
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2014 | ||||
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Airline industry news, analysis, and research are provided by Airlineweekly.
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2004 | ||||
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Travel and hospitality media services are provided by the company.
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1996 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Skift
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Skift Comparisons
Competitors of Skift
Skift operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Travel Daily Media, Trip Vivid, Point Me To The Plane, Top Dog Days and Travel Media Technology, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Travel and tourism news is delivered via an online platform.
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| domain | founded_year | HQ Location |
Online media focusing on travel and tourism
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| domain | founded_year | HQ Location |
Online platform providing news on travel and tourism
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| domain | founded_year | HQ Location |
Provides discounts and insider guides for UK leisure attractions and outings.
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| domain | founded_year | HQ Location |
China tourism industry is covered by B2B trade portal.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Skift
Frequently Asked Questions about Skift
When was Skift founded?
Skift was founded in 2012 and raised its 1st funding round 1 year after it was founded.
Where is Skift located?
Skift is headquartered in New York, United States. It is registered at New York, New York, United States.
Is Skift a funded company?
Skift is a funded company, having raised a total of $3.6M across 3 funding rounds to date. The company's 1st funding round was a Seed of $1.1M, raised on May 15, 2013.
What does Skift do?
Skift was founded in 2012 and is based in New York City, United States, operating in the travel and tourism sector. News, data, and services are provided to readers focused on the global travel industry. Trends are identified and synthesized through daily coverage, Skift Trends Reports, and insights from the SkiftIQ competitive intelligence service. The company is venture-backed by investors including Lerer Ventures.
Who are the top competitors of Skift?
Skift's top competitors include Travel Daily Media, Trip Vivid and Travel Media Technology.
What products or services does Skift offer?
Skift offers Daily Skift Newsletter, Skift Research, and Skift Live Events.
How many acquisitions has Skift made?
Skift has made 3 acquisitions, including Airlineweekly, Daily Lodging Report, and Twenty31.
Who are Skift's investors?
Skift has 5 investors. Key investors include Lerer Hippeau, TLabs, Advancit Capital, MESA Ventures, and GrowLab.