The round – which brought total funding to date to US$184m (CA ~$235m) – was led by Omers Ventures, with participation from existing investors Caisse de dépôt et placement du Québec (CDPQ), Accomplice, Brightspark Ventures, Investissement Québec, BDC Capital IT Venture Fund, and new investor Citi Ventures.
The company intends to use the funds to double its headcount in the next year, expand its market presence globally and continue its AI development.
Led by Frederic Lalonde, CEO and co-founder, Hopper is a mobile-only travel booking company, which leverages a conversational commerce model and machine learning to predict future prices for flights and accommodations, offer personalized tips, and notify travelers about price drops and deals.
In the past year, Hopper has scaled to over 30 million installs, expanded its product offering by rolling out its hotels feature to over 20 markets, and is on track to surpass $1 billion in sales. Travelers have planned over 75 million trips.
In the last year, the company has grown to nearly 200 employees in Montreal, Cambridge, and various offices around the world.
FinSMEs
03/10/2018