Icelandic technology provider Dohop secures significant further investment from SEP
Icelandic technology provider Dohop has raised an undisclosed growth equity round from Scottish Equity Partners (SEP). This investment will enable Dohop to further accelerate growth and develop its innovative virtual interlining offering, allowing airlines and scheduled transport providers to sell complex itineraries without the need for codesharing or traditional interline agreements.
Since SEP’s initial investment in November 2020, Dohop has expanded its network of partner airlines by 25+ carriers across five continents, resulting in a network of more than 50 carriers globally, including AirTransat, Vueling, LATAM, easyJet, and many others. The initial investment also enabled Dohop to grow its team by 31% in ten countries, including Germany, the United Kingdom, France, and Iceland.
With this new investment, Dohop plans to hire additional international talent and expand its development capabilities to address the unprecedented demand from airlines who are looking to increase their networks and create new connections. The industry, which has historically been constrained by cumbersome traditional interline processes, is now turning to more agile technology solutions in order to offer passengers more choice and convenience when traveling.
Dohop also intends to continue broadening its partner airline ecosystem and improving travel connectivity through its virtual interlining solutions. The travel industry is showing positive signs of recovery and Dohop has already seen a significant rise in revenue in 2022, with further growth expected.
David Gunnarsson, CEO of Dohop, said: “Our technology enables partnerships between airlines and offers passengers more destinations and travel customisation. With the support of SEP, our airline ecosystem has grown substantially, and we will continue to connect the world’s leading airlines, airports, and scheduled transport providers across the globe. We are delighted to have SEP’s continued support in our mission to revolutionise travel connectivity.”
Andrew Davidson, director at SEP, commented: “With the easing of global travel restrictions, airlines are keen to expand their networks and distribution capabilities, and we are delighted to provide Dohop, the leading provider of interlining technology, with further funding to address a four billion annual passenger market.”
