About Duffel
Duffel is a company based in London (United Kingdom) founded in 2017.. Duffel has raised $56.37 million across 4 funding rounds from investors including Index Ventures, Benchmark and Blossom Capital. The company has 24 employees as of December 31, 2020. Duffel operates in a competitive market with competitors including Digitrips, Amgine, Travelliance, V K Venture and Dolphin Dynamics, among others.
- Headquarter London, United Kingdom
- Employees 24 as on 31 Dec, 2020
-
Sectors
Travel & Hospitality
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Duffel Technology Ltd
- Date of Incorporation 05 Feb, 2018
- Jurisdiction LONDON, ENGLAND
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$56.37 M (USD)
in 4 rounds
-
Latest Funding Round
$30 M (USD), Series B
Oct 28, 2019
-
Investors
Index Ventures
& 4 more
-
Employee Count
24
as on Dec 31, 2020
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Unlock access to complete
Funding Insights of Duffel
Duffel has successfully raised a total of $56.37M across 4 strategic funding rounds. The most recent funding activity was a Series B round of $30 million completed in October 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series B — $30.0M
-
First Round
First Round
(01 Jun 2018)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2019 | Amount | Series B - Duffel | Valuation | Index Ventures | |
| Jun, 2019 | Amount | Series A - Duffel | Valuation | Benchmark | |
| Aug, 2018 | Amount | Seed - Duffel | Valuation | Blossom Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Duffel
Duffel has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Index Ventures, Benchmark and Blossom Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Venture capital investments in technology startups and entrepreneurs.
|
Founded Year | Domain | Location | |
|
Venture capital investments are offered to promising startups.
|
Founded Year | Domain | Location | |
|
Investments are made by Blossom Capital in technology sectors.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Duffel
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Duffel
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Duffel Comparisons
Competitors of Duffel
Duffel operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Digitrips, Amgine, Travelliance, V K Venture and Dolphin Dynamics, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Tech-enabled booking solutions are provided for travel professionals.
|
|
| domain | founded_year | HQ Location |
AI-driven booking management and automation for business travelers are provided.
|
|
| domain | founded_year | HQ Location |
Corporate lodging solutions for airlines and workforce travelers
|
|
| domain | founded_year | HQ Location |
Offers platform for travel bookings, financial services, and utility payments to agents.
|
|
| domain | founded_year | HQ Location |
Provides CRM, reservations, and back office systems for travel agents and tour operators.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Duffel
Frequently Asked Questions about Duffel
When was Duffel founded?
Duffel was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is Duffel located?
Duffel is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Is Duffel a funded company?
Duffel is a funded company, having raised a total of $56.37M across 4 funding rounds to date. The company's 1st funding round was a Seed of $4.7M, raised on Jun 01, 2018.
How many employees does Duffel have?
As of Dec 31, 2020, the latest employee count at Duffel is 24.
What does Duffel do?
Duffel was founded in 2017 in London, United Kingdom, as a travel sector startup operating in stealth mode. A unified platform is provided by the company to facilitate user planning, discovery, and booking of various travel services. Focus is placed on integrating these functions into a single interface, with operations centered in the UK travel industry. Details on specific services remain limited due to the companys current status.
Who are the top competitors of Duffel?
Duffel's top competitors include Amgine, Travelliance and Busie.
Who are Duffel's investors?
Duffel has 5 investors. Key investors include Index Ventures, Benchmark, Blossom Capital, Y Combinator, and Crankstart.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.