Duffel (Company)

From Wikitia
Duffel (company)
Travel technology
IndustryTechnology
Founded2017; 8 years ago (2017)
Founder
  • Steve Domin
  • Tom Bates
Headquarters
London
,
United Kingdom
Services
  • Booking
  • Pricing
  • Payments
  • Other processing services for flights in real-time to travel sellers through its Flights API
  • Payments API
Websiteduffel.com

Duffel Technologies Ltd is a travel technology company headquartered in London, United Kingdom. Duffel primarily provides search, booking, pricing, payments and other processing services for flights in real-time to travel sellers through its Flights API and Payments API.

History[edit]

Duffel was founded in 2017 by Steve Domin and Tom Bates. The founders previously worked together as early employees at GoCardless in engineering and design, respectively.[1]

Duffel was created when Steve set out to launch a weekend getaway generator and found that accessing inventory for travel supplies such as hotels, flights, and car rentals was difficult. Duffel was intended as an alternative to a larger Global Distribution System (GDS) to level the playing field for new types of travel sellers.[2]

The London-based start-up, nicknamed the “Stripe for Travel”, aimed to simplify the process for individual travel agencies, large online travel agencies and travel management companies and improve the overall travel experience for end-users.[3]

From 2018-2019, Duffel raised $56.2 million in funding from Index Ventures[4], Kima Ventures[5], Blossom Capital[6], Benchmark[7], and Y Combinator.[8]

In November 2020, Duffel expanded operations to the United States with an office in New York.[9][10][11][12][13][14]

In summer 2021, Duffel announced its 25th direct airline connection expanding access to Low-cost carrier(LCC) inventory alongside New Distribution Capability (NDC) content.[15][16][17][18][19]

In November 2021, Duffel announced an agreement with GDS supplier, Travelport to provide travel sellers with access to 300+ airlines[20] across the US, Canada, Europe, Australia, New Zealand, and beyond.[21]

Duffel partners with airlines, travel sellers, regulators, and technology providers.

  • Duffel is a certified partner with airlines such as Qantas[22] and Emirates[23]
  • Alternative Airlines[24][25][26][27], Pelikin[28][29][30][31], and BizAway have announced partnerships with Duffel[32][33][34][35]
  • Duffel is on the NDC Matchmaker list by International Air Transport Association (IATA)[36]
  • Duffel is part of the Partner Network for Accelya[37]

Awards and Recognition[edit]

  • YC Top Companies List 2022 - February[38]
  • Emerging Startups 2021: Top Online Travel Startups - August[39]
  • 10 Travel Startups to Watch in 2022 - February[40]
  • TechRound 100 2021 - #37 - November[41]
  • TechRound SaaS 66 2021 - #30 - April[42]
  • 25 Most Exciting Fast-Growing Technology Companies in the UK 2020 - September[43]

Services[edit]

Flights API[edit]

The Duffel Flights API gives merchants access to 300+ airlines around the world.[20]

In 2021, Duffel announced “self-serve”, aimed at broadening the ecosystem, streamlining processes, and reducing integration time.[44][45][46][47]

The Duffel Flights API is used by businesses such as Alternative Airlines[24][25][26][27], Pelikin[28][29][30][31], and BizAway.[32][33][34][35]

Payments API[edit]

The Duffel Payments API allows travel sellers to charge their customers for flights and ancillaries directly through the API and add a markup to bookings.[48]

Duffel announced the launch of Duffel Payments in January 2022 as a payments product for the travel industry, powered by Stripe.[49]

Duffel Payments enables travel sellers to charge their customers without the need for upfront capital. Duffel Payments includes that ability to add a mark-up to fares or bundle travel products together such as flights and travel insurance.[50][51][52][53][54][55][56][57][58][59][60][61][62]

It supports 135+ currencies and all major credit cards.[48]

Funding[edit]

Duffel was started in 2017 and has raised $56.2M. Duffel was part of the Y Combinator Summer 2018 cohort.[8] In August 2018, Duffel raised its seed round of $4.7 million from Blossom, Index, Kima Ventures and Y Combinator.[63][64]

In June 2019, Duffel announced a Series A round of $21.5 million. The funding round was led by Blossom Capital and included Index, Kima Ventures and Y Combinator.[65][66][67][68][69][70]

In October 2019, Duffel raised a $30 million Series B with continued investment from former backers Blossom, Index, and Kima Ventures, along with Benchmark joining as a new investor.[71][72][73][74][75][76][77][78][79]

Round Date Amount Raised Investors
Seed August 2018 $4.7M Blossom, Index, Kima Ventures, Y Combinator
Series A June 2019 $21.5M Blossom, Index, Benchmark
Series B October 2019 $30M Blossom, Index, Benchmark, Kima Ventures

References[edit]

  1. ↑ Fisher, Katie (28 May 2020). "Startup profile: Duffel". TechRound.
  2. ↑ Bizage interview team (24 January 2022). "$56 million raised, can Duffel go stratospheric?". Business Age.
  3. ↑ Léa (23 September 2020). "Duffel, the API that reinvents the airline tickets' distribution". Lyko.
  4. ↑ "Duffel". Index Ventures. Retrieved 14 March 2022.
  5. ↑ "Our awesome family". Kima Ventures. Retrieved 14 March 2022.
  6. ↑ "Europe's world-changing companies start here". Blossom. Retrieved 14 March 2022.
  7. ↑ "Duffel Raises $21.5M in Series A Funding". FinSMEs. 19 June 2019.
  8. ↑ 8.0 8.1 "Duffel". Y Combinator. Retrieved 14 March 2022.
  9. ↑ "London's Duffel opens New York office, adds new hire from Uber". Business Cloud. 6 November 2020.
  10. ↑ Hayhurst, Lee (9 November 2020). "Duffel doubles down on international expansion with opening of first US office". Travolution.
  11. ↑ "London travel tech startup Duffel expands to New York". UK Tech News. 9 November 2020.
  12. ↑ May, Kevin (6 November 2020). "INPHOCUS, EPISODE 27 - PACK YOUR DUFFEL BAG, WE'RE GOING TO AMERICA". Phocuswire.
  13. ↑ Imrie, Jane (6 November 2020). "London traveltech continues global expansion with New York office launch". BDaily.
  14. ↑ "London's Duffel travel software platform is expanding to New York". Maddyness. 11 November 2020.
  15. ↑ Hayhurst, Lee (28 July 2021). "EasyJet partnership takes the number of airlines on Duffel platform to 25". Travolution.
  16. ↑ Rokou, Tatiana (27 July 2021). "Duffel partners with easyJet". Travel Daily News.
  17. ↑ Baker, Michael B (26 July 2021). "EasyJet Joins Duffel Platform". Business Travel News.
  18. ↑ Imrie, Jane (27 July 2021). "London traveltech set for expansion with new easyJet partnership". BDaily.
  19. ↑ "Travel platform Duffel partners with EasyJet". Travelmole. 27 July 2021.
  20. ↑ 20.0 20.1 "About Us". Duffel. Retrieved 14 March 2022.
  21. ↑ Hayhurst, Lee (9 November 2021). "Duffel strikes Travelport deal to bring more choice to its travel merchants". Travolution.
  22. ↑ "Approved Technology Partners". Qantas. Retrieved 14 March 2022.
  23. ↑ O'Neill, Sean (7 April 2021). "Emirates Wants to Shake Up Ticket Sales Through Closer Ties to Travel Agencies". Skift.
  24. ↑ 24.0 24.1 "Alternative Airlines and Duffel to re-engineer the rails for online travel booking". Alternative Airlines. 30 January 2020.
  25. ↑ 25.0 25.1 "Alternative Airlines and Duffel — success of the partnership signals new direction for the airline industry under challenging conditions". Alternative Airlines. 23 October 2020.
  26. ↑ 26.0 26.1 Hayhurst, Lee (7 October 2020). "NDC-enabled airlines take greater share of bookings with OTA Alternative Airlines". Travolution.
  27. ↑ 27.0 27.1 "Alternative Airlines: taking a 'contrarian' approach to flight distribution". Reuters Events. 19 February 2020.
  28. ↑ 28.0 28.1 admin (8 July 2021). "Pelikin inks new partnership with Duffel". Money News Australia.
  29. ↑ 29.0 29.1 "PELIKIN PARTNERS WITH DUFFEL TO LAUNCH IN-APP FLIGHT BOOKINGS". Pelikin. 8 July 2021.
  30. ↑ 30.0 30.1 "Pelikin inks new partnership with Duffel". Australian Fintech. 8 July 2021.
  31. ↑ 31.0 31.1 "Pelikin bags Duffel" (PDF). Travel Daily. 8 July 2021.
  32. ↑ 32.0 32.1 "Novità sulle TMC". Travel for business. 30 June 2021.
  33. ↑ 33.0 33.1 "Nuova partnership BizAway – Duffel per la distribuzione NDC". Quality Travel. 18 June 2021.
  34. ↑ 34.0 34.1 "BizAway integra a Duffel en su plataforma con el fin de mejorar su vertical de vuelos". economiadehoy.es. 18 June 2021.
  35. ↑ 35.0 35.1 "Accordo fra la BizAway di Spilimbergo e l'inglese Duffel, obiettivo far risparmiare le imprese sull'acquisto dei biglietti aerei". Friulisera. 17 June 2021.
  36. ↑ "NDC Matchmaker: Duffel Technology Ltd". IATA. Retrieved 14 March 2022.
  37. ↑ "Partner Network". Accelya. Retrieved 14 March 2022.
  38. ↑ "YC Top Companies - 2022". Y Combinator. 28 February 2022.
  39. ↑ "Emerging Startups 2021: Top Online Travel Startups". Tracxn. 3 August 2021.
  40. ↑ "10 Best Travel Startups to Watch in 2022". Truic Startup Savant. Retrieved 14 March 2022.
  41. ↑ "TechRound 100". TechRound. 24 November 2021.
  42. ↑ "Saas 66". TechRound. 13 April 2021.
  43. ↑ "25 of the most exciting fast growing technology companies in the UK". Growth Business UK. 29 September 2020.
  44. ↑ Clawson, Trevor (29 January 2021). "Daring To Hope: As Travel Faces New Restrictions Will An 'Appetite For Innovation' Survive?". Forbes.
  45. ↑ Rokou, Tatiana (25 January 2021). "Duffel invites travel sellers to integrate with its new enhanced flight booking platform for free throughout 2021". Travel Daily News.
  46. ↑ O'Neill, Sean (21 January 2021). "The Startup That Could Bring Airline Ticket Shopping to Amazon". Skift.
  47. ↑ Hayhurst, Lee (21 January 2021). "Duffel to help travel 'build back better' with free starter offer for flights platform". Travolution.
  48. ↑ 48.0 48.1 "Sell flights with ease using Duffel Payments". Duffel. Retrieved 15 March 2022.
  49. ↑ "Duffel Payments". Product Hunt. Retrieved 15 March 2022.
  50. ↑ Baker, Mark (8 February 2022). "Duffel and Stripe enable seamless flight payments processing through a powerful API". UK Tech News.
  51. ↑ "Duffel enlists Stripe for flight payments processing". Finextra. 8 February 2022.
  52. ↑ Baker, Lisa (8 February 2022). "Duffel and Stripe enable seamless flight payments processing through a powerful API". Business in the news.
  53. ↑ Barry, Mark (8 February 2022). "Duffel and Stripe enable seamless flight payments processing through a powerful API". Fintech & Finance News.
  54. ↑ Kayed, Viktor (8 February 2022). "Duffel and Stripe reveal new travel payment solution". Payment Expert.
  55. ↑ "Duffel And Stripe Enable Seamless Flight Payments Processing Through A Powerful API". UK Business News. 8 February 2022.
  56. ↑ "Duffel and Stripe enable seamless flight payments processing through a powerful API". Business Press 24. 8 February 2022.
  57. ↑ "DUFFEL AND STRIPE ENABLE SEAMLESS FLIGHT PAYMENTS PROCESSING THROUGH A POWERFUL API". Financial IT. 8 February 2022.
  58. ↑ "Duffel, Stripe Partner on Flight Payments Processing". PYMNTS. 8 February 2022.
  59. ↑ Scarlett, Richard (8 February 2022). "Duffel Launches New Payments Solution To Simplify Flight Sales". Business Mondays.
  60. ↑ Baker, D (8 February 2022). "Duffel and Stripe simplify payments for travel businesses". BDaily.
  61. ↑ "Stripe and Duffel release easy flight payments processing platform". The Paypers. 9 February 2022.
  62. ↑ Karantzavelou, Vicky (10 February 2022). "Duffel and Stripe enable seamless flight payments processing through a powerful API". Travel Daily News.
  63. ↑ Butcher, Mike (31 August 2018). "YC-backed travel startup Duffel inks $4.7M round led by Blossom Capital, but stays coy on the details". Techcrunch.
  64. ↑ Bregeras, Guillaume (6 September 2018). "Duffel veut révolutionner le voyage". Les Echos.
  65. ↑ Menze, Jill (21 June 2019). "DUFFEL RAISES $21.5M FOR YET-TO-LAUNCH DISTRIBUTION PLATFORM". Phocuswire.
  66. ↑ O'Neill, Sean (21 June 2019). "Duffel Raises $21.5 Million for Distribution Tech: Travel Startup Funding This Week". Skift.
  67. ↑ Butcher, Mike (19 June 2019). "Duffel Raises $21.5 Million for Distribution Tech: Travel Startup Funding This Week". Techcrunch.
  68. ↑ Short, Eva (19 June 2019). ><https://medium.com/blossom-capital/redefining-the-european-series-a-17cacd2a35bf "London start-up Duffel raises $21.5m in Series A funding round". Silicon Republic.
  69. ↑ Brown, Ophelia (19 June 2019). "Redefining the European Series A". Blossom.
  70. ↑ Basul, Alara (19 June 2019). "Duffel raises $21.5m in Series A funding round". UK Tech News.
  71. ↑ O'Neill, Sean (28 October 2019). "Duffel Joins Wave of Startups Accelerating Efforts to Reinvent Airline Distribution". Skift.
  72. ↑ Butcher, Mike (28 October 2019). "Duffel raises $30M led by Index Ventures to disintermediate legacy travel platforms". Techcrunch.
  73. ↑ Boehmer, Jay (6 November 2019). "Duffel Scores Funding, Seeks Foothold In Crowded Field Of NDC Aggregators". The Beat.
  74. ↑ Lewin, Amy (28 October 2019). "Travel disrupter Duffel raises another $30m and finally comes out of stealth". Sifted.
  75. ↑ Bregeras, Guillaume (30 October 2019). "Duffel, l'électron libre de la distribution aérienne, prend son envol". Les Echos Entrepreneurs.
  76. ↑ Pellegrin, Hugo (28 October 2019). "Aérien: Duffel lève 30 millions de dollars pour réinventer la distribution". TOM.travel.
  77. ↑ Loritz, Mary (28 October 2019). "London-based travel tech startup Duffel raises €27 million for its airline booking platform". EU-Startups.
  78. ↑ "UK's Duffel Lands $30M To Connect Airlines With Travel Agents". PYMNTS. 29 October 2019.
  79. ↑ "Duffel Reinvents the Infrastructure Behind Online Travel Booking". Index Ventures. 28 October 2019.

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Categories: [Travel technology] [Technology companies] [Companies based in London]

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