The travel industry is finally showing positive signs of recovery. To address the unprecedented demand from airlines, which are now looking to increase their networks and create new connections, Icelandic airline software vendor Dohop has announced an undisclosed growth equity round from Scottish Equity Partners (SEP). While the total amount remains undisclosed, the investment will enable Dohop to further accelerate growth and develop its innovative virtual interlining offering.
This in turn will allow airlines and scheduled transport providers to sell complex itineraries without the need for codesharing or traditional interline agreements. Going forward, the company plans to hire additional international talent and expand its development capabilities beyond Reykjavik. The platform will also continue to broaden its partner airline ecosystem and improve travel connectivity through its virtual interlining solutions.
David Gunnarsson, CEO, 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, added: “With the easing of global travel restrictions, airlines are keen to expand their networks and distribution capabilities.”
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.