Scottish firm that helped scale Skyscanner pumps cash into travel tech outfit

Scottish Equity Partners (SEP) has pumped an undisclosed sum into Icelandic airline software vendor Dohop.

Team members of Dohop, the Icelandic airline software vendor, which has raised an undisclosed growth equity round from Scottish Equity Partners, pictured before the pandemic.

Thanks to the investment, the firm will be able to accelerate its plans to transform how airlines and other travel providers enable passengers to build complex itineraries.

It will ramp up its team in Reykjavik and internationally as the travel industry attempts to get back on its feet in the wake of the pandemic.

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Stuart Paterson, a partner at SEP, who will join the Dohop board as a non-executive director, said: “Dohop is led by a strong and ambitious team, well connected across the airline industry. Its software platform has the ability to revolutionise how travel is distributed and is rapidly becoming the de-facto choice for airlines seeking to collaborate and cross-sell.

“We look forward to bringing our travel and technology knowledge and our experience of scaling Skyscanner from a flight search engine to a global leader in travel, to help Dohop achieve its growth potential.”

David Gunnarsson, chief executive of Dohop, added: “In just over three years, we have built the world’s largest next generation interline platform. With SEP’s support, we plan to connect the world’s leading airlines, airports and other travel providers into a platform that allows them to increase passenger choice and confidence about travel.

“SEP’s experience of growing global technology leaders, and their unique insight into travel distribution, made them our partner of choice for this funding round. We are delighted that they have chosen to back us on our mission to revolutionise travel connectivity.”

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