London-founded travel booking startup Duffel has landed $21.5 million in a funding round from Benchmark, Blossom Capital, and Index Ventures. An interesting detail about the company, which has raised more than $25 million so far, is that it's yet to make its product publicly available.
Duffel, which was part of Y Combinator's cohort in the summer of 2018, is building a platform for travel agents, agencies, and large travel management companies that'd allow them “to offer a seamless travel experience to their end customers.”
“The travel industry is underpinned by archaic software and processes that are fundamentally prohibitive for the modern-day traveller,” said Steve Domin, co-founder and CEO of Duffel. “We are reinventing the underwiring between online agents and the providers — airlines, hotels, transport operators — in much the same way that the payments world is changing for merchants, because of tools like Adyen and Stripe.”
The startup plans to launch this autumn and says that the fresh funding will be used to grow its engineering team in London.