Deals

Hopper Raises $61M Series C Round of Funding
Date: 
Thursday, December 15, 2016
Location: 
Cambridge
Categories: 
Consumer
eCommerce & Marketplaces
Mobile
Deal Type: 
Funding

Hopper, the mobile app that analyzes and predicts airfare, today announced it has secured $82M CAD in Series C financing ($61.6M in US dollars) led by Caisse de dépôt et placement du Québec (CDPQ), one of North America's largest pension fund managers. Existing investors Brightspark Ventures, Accomplice, OMERS Ventures, Investissement Québec and BDC Capital IT Venture Fund also participated in the round. The round is comprised of new funding, as well as a convertible note that was announced earlier in the year, and brings Hopper's total funding to date to $104M CAD.

Hopper is currently the only company that can forecast future flight prices with 95% accuracy up to a year in advance of departure. The app recommends if you should book now or wait based on current and historical yield trends as well as pricing volatility. Hopper collects five to eight billion airfare price quotes daily, which amounts to 300 billion prices a month, and has built a huge historical archive of 5.2 trillion prices from the past several years... READ MORE