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Montreal’s Hopper has closed a Series F round of USD $170 million led by Capital One, with participation from new and existing investors GS Growth, Inovia Capital, WestCap Group, and Citi Ventures.
Along with the funding news co-founder and CEO Frederic Lalonde announced that Hopper will be partnering with Capital One to create the new and improved Capital One Travel, a brand-new, innovative customer booking experience built for Capital One cardholders.
Creating the most customer-centric travel marketplace via the Hopper app has always been a top priority and Hopper also announced that it will also be utilizing this new investment to launch a new B2B initiative named Hopper Cloud.
Despite all the challenges that the pandemic presented, Hopper has recorded triple-digit revenue growth in 2020 due to our product innovation.
“At Hopper, we’ve recovered to more than pre-pandemic levels,” Lalonde told the Wall Street Journal.
As vaccinations increase and Americans get the latest stimulus payments, Hopper has seen a 50% increase in bookings this month over last month. The company’s bookings are now more than double the level of the fourth quarter of 2020.
Hopper has numerous job openings globally, for travel agents, software engineers, hotel market managers, customer service leads and other roles. By year-end, Hopper expects to have hired 400 customer support agents and 150 full-time employees.