Dohop raises ‘multi-million Euro investment’ from Scottish Equity Partners

Icelandic virtual interlining specialist says it is seeing ‘unprecedented demand’ from airlines

Dohop has announced a multi-million Euro ‘follow-on investment’ it will use to build air travel connectivity across the globe.

The Icelandic aviation technology provider has raised an undisclosed growth equity round from Scottish Equity Partners (SEP).  

This investment will enable Dohop to further develop its virtual interlining platform, allowing airlines and scheduled transport providers to sell complex itineraries without the need for code sharing or traditional interline agreements.

Since SEP’s initial investment in November 2020, Dohop has expanded its network of partner airlines by more than 25 carriers across five continents, resulting in a network of more than 50 globally, including AirTransat, Vueling, LATAM and easyJet. 

The initial investment also enabled Dohop to grow its team by 31% in ten countries, including Germany, the UK, France, and Iceland.

The new investment will allow Dohop to hire additional international talent and expand its development capabilities to address “unprecedented demand” from airlines “looking to increase their networks and create new connections”. 

Dohop also intends to continue broadening its partner airline ecosystem and improving travel connectivity through its virtual interlining solutions. 

David Gunnarsson, chief executive 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, said: “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.”