What is Hopper?
Hopper operates a sophisticated travel search engine designed to simplify the process of finding flights and accommodations. Utilizing natural language processing, the platform allows users to search for travel options using conversational queries, returning tailored results for destinations worldwide. This user-centric approach aims to disrupt the traditional travel booking market by offering a more intuitive and efficient experience.
How much funding has Hopper raised?
Hopper has raised a total of $731.5M across 11 funding rounds:
Series A
$8M
Series B
$12M
Private Equity
$3.6M
Series C
$60.2M
Series D
$100M
Series E
$70M
Series F
$170M
Series G
$175M
Private Equity
$35M
Other Financing Round
$96M
Series A (2011): $8M led by Brightspark Ventures and Atlas Ventures
Series B (2012): $12M supported by Brightspark Ventures, OMERS Ventures, and Atlas Venture
Private Equity (2016): $3.6M, investors not publicly disclosed
Series C (2016): $60.2M backed by Caisse de depot et placement du Quebec (CDPQ), BDC Capital IT Venture Fund, OMERS Ventures, Accomplice VC, Brightspark Ventures, and Investissement Québec
Series D (2018): $100M with participation from Accomplice VC, Brightspark Ventures, Investissement Québec, BDC Capital IT Venture Fund, Caisse de dépôt et placement du Québec, Citi Ventures, and OMERS Ventures
Series E (2020): $70M led by Inovia, Business Development Bank of Canada, Caisse de dépôt et placement du Québec, Westcap, and Investissement Quebec
Series F (2021): $170M supported by Capital One Financial
Series G (2021): $175M featuring Accomplice, GPI Capital, Westcap, Glade Brook Capital Partners, and Goldman Sachs
Private Equity (2022): $35M backed by Drive Capital, Brookfield, and Stack Capital
Other Financing Round (2022): $96M with participation from Capital One
Key Investors in Hopper
Inovia
Inovia is a venture capital firm that invests in technology companies, likely focusing on growth-stage enterprises.
Business Development Bank of Canada
BDC Business Development Bank of Canada provides financial and consulting services to small businesses, with a concentration on technology and exporting sectors.
Caisse de dépôt et placement du Québec
Caisse de dépôt et placement du Québec is a major institutional investor managing public pension plans and insurance funds, with a broad investment mandate.
What's next for Hopper?
With substantial capital infusion, Hopper is poised for accelerated expansion and product development. The company's strategic focus will likely involve enhancing its AI-driven search capabilities, expanding its service offerings, and potentially exploring new markets. This latest round of financing suggests a strong emphasis on scaling operations and solidifying its position as a leader in the digital travel industry, aiming to further optimize the travel planning and booking journey for consumers.
See full Hopper company page
