Hopper Raises $96 Million at an over $5 Billion Valuation

Hopper is a mobile-first travel app that applies methods of predictive analysis to generate travel recommendations. With the help of big data, Hopper predicts and analyses accommodations and airfare. It provides users with information to get the best deals on hotels and flights and then communicates them when the prices are at the predicted lowest level.

The funding was received from Capital One which already led the Series F funding round of $170 million in March 2021. Money raised will be used for B2B functionality building and social commerce fostering. Moreover, Hopper plans to invest in international expansion.

Hopper, Montréal, Canada, was founded by Frederic Lalonde and Joost Ouwerkerk in 2007. Hopper is claimed to be the third-largest online travel agency in North America. As of now, the app has approximately 80 million downloads. Last year, Hopper launched Hopper Cloud, an initiative that enables travel providers to integrate and distribute FinTech and travel agency content. Among Hopper Cloud’s clients are Capital One, Kayak, Marriott, etc. “The reason Hopper has been able to outperform the sector, it’s the revenue growth. The second part as well is that this B2B business has gotten people pretty excited, going from launching for the first time ever in September 2021 to being larger this year than Hopper’s entire business was just last year, that’s a pretty successful rollout,” Hopper president Dakota Smith.

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