MONTREAL, QC and CAMBRIDGE, MA – October 3, 2018 – Hopper, the world’s fastest growing travel booking app, today announced US $100 million (CA ~$128 million) in Series D financing led by OMERS Ventures. 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 participated in the round, bringing the company’s total funding to date to US $184 million (CA ~$235 million). The new funding will be used to expand Hopper’s market presence globally and continue its AI development.
As the leading mobile-only travel booking company, Hopper has distinguished itself in the travel industry with its unique conversational commerce model and powerful machine learning. The app enables travelers to save money and travel more by predicting future prices for flights and accommodations with 95% recommendation accuracy, offering personalized tips, and notifying 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 and each day add over 150,000 new trip watches (i.e. enable trip-specific alerts). As a result, 90% of Hopper’s sales come directly from its conversation (push notifications).