Glasgow investment firm invests in Icelandic aviation technology business

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AN ICELANDIC airline software company has received significant funding from a Scottish investment firm.

Dohop received the funding from Scottish Equity Partners (SEP) the investment means that the airline software company can now operate at a higher level globally.

The investment will enable the software company to expand its team in Reykjavik and  to grow its global sales and support capabilities internationally.

Dohop, which has been operating for 15 years is producing technology which will enable and improve the distribution of airline tickets and other industry software needs.

The company  enables airlines to offer their passengers the maximum choice of routes, while maintaining the airline’s direct relationship with the passenger throughout their journey.

Stuart Paterson, Partner, SEP - Business News Scotland
Stuart Paterson, Partner, Scottish Equity Partners

Stuart Paterson, Partner at SEP, who will join the Dohop board as a non-executive Director, added: “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.” 

The company is also enabling airlines to cross-sell train tickets alongside flights, resulting in increased choice, convenience, cost savings and environmental benefits for travellers.

Dohop team picture - Business News Scotland
The Dohop team- Dohop has won the World Travel Awards’ top prize as The World’s Leading Flight Comparison Website for the last four years running.

David Gunnarsson, CEO of Dohop, commented: “Joining forces with SEP will enable us to become the technology provider that airlines need now more than ever, on a global scale and with the resources to connect every airline to their partners of choice.

“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.”