What is Hopper?
Hopper operates a sophisticated travel search engine that leverages natural language processing to understand user queries. This allows the platform to provide tailored flight and hotel options alongside destination recommendations. The company's approach aims to simplify the travel planning process for consumers by offering a more intuitive and personalized search experience. Its technology is designed to aggregate and present travel information efficiently, positioning Hopper as a key player in the digital travel market.
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 OMERS Ventures, Atlas Venture, and Brightspark Ventures
Private Equity (2016): $3.6M, investors not publicly disclosed
Series C (2016): $60.2M backed by Accomplice VC, Investissement Québec, Caisse de depot et placement du Quebec (CDPQ), BDC Capital IT Venture Fund, OMERS Ventures, and Brightspark Ventures
Series D (2018): $100M with participation from BDC Capital IT Venture Fund, OMERS Ventures, Citi Ventures, Accomplice VC, Investissement Québec, Caisse de dépôt et placement du Québec, and Brightspark Ventures
Series E (2020): $70M led by Investissement Quebec, Inovia, Caisse de dépôt et placement du Québec, Business Development Bank of Canada, and Westcap
Series F (2021): $170M supported by Capital One Financial
Series G (2021): $175M featuring Goldman Sachs, Accomplice, GPI Capital, Westcap, and Glade Brook Capital
Private Equity (2022): $35M backed by Brookfield, Drive Capital, and Stack Capital
Other Financing Round (2022): $96M with participation from Capital One
Key Investors in Hopper
OMERS Ventures
OMERS Ventures is an investment group that offers pension plans for employees through various businesses, likely focusing on growth-stage technology companies.
Brightspark Ventures
Brightspark Ventures is a Canadian venture capital firm that provides growth capital and expertise to disruptive tech companies, actively investing since 1999.
Atlas Venture
Atlas Venture is an early-stage venture capital firm specializing in creating and building breakthrough biotechnology companies, focusing on translating science into life-changing medicines.
What's next for Hopper?
With substantial backing, Hopper is poised for continued innovation and market penetration. The recent strategic investment suggests a focus on enhancing its core technology, expanding its service offerings, and potentially exploring new geographic markets. The company's trajectory indicates a strong emphasis on leveraging data analytics and AI to further refine its search capabilities and user experience, aiming to solidify its competitive advantage in the evolving travel industry. Future developments may include deeper integration of ancillary travel services and personalized travel planning tools.
See full Hopper company page
