Funding round
Hopper Series B
Hopper, which works in travel booking and distribution in Montreal, raised $12M in a Series B round announced on 15 Aug 2012, led by OMERS Ventures. 3 firms took part. It is Hopper's first venture round on record.
$12M
Amount raised
Not disclosed
Post-money valuation
3
Investors
1 lead
Valuation
What this round says about the price
Hopper did not disclose a valuation in this round. It is Hopper's first venture round on record, 5 years after it was founded in 2007. It is 2.0% of the $615M Hopper has raised in the venture rounds on record. Hopper raised again 52 months later: a Series C round of $62M in Dec 2016. Its next priced round, a Series G in Aug 2021, valued it at $3.50B.
Hopper's funding rounds
Hopper has 6 venture rounds on record. This one is highlighted.
- Series B this round 15 Aug 2012, led by OMERS Ventures $12M
- Series C 15 Dec 2016, led by La Caisse $62M
- Series D 3 Oct 2018, led by OMERS Ventures $100M
- Series F 24 Mar 2021, led by Capital One $170M
- Series G 17 Aug 2021, led by GPI Capital $175M$3.50B post-money
- Growth 7 Nov 2022, led by Capital One $96M$5.00B post-money
Investors
Who put money in
OMERS Ventures led the round with 2 other firms.
Lead investor
- backs 67 venture-backed companies new investor
Also in the round
- backs 20 venture-backed companies new investor
- backs 43 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, scaling operations and working capital.
- Hiring
- Product development
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time, other companies' Series B rounds in Travel Agencies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Travel Agencies | 23 Apr 2013 | $15M | not disclosed | Qiming Venture Partners |
| Travel Agencies | 21 Nov 2011 | $9.0M | not disclosed | Battery Ventures |
| Travel Agencies | 11 Jun 2013 | $3.0M | not disclosed | Gerbera Capital and Mexico Ventures |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Hopper raise in its Series B round?
Hopper raised $12M in its Series B round, announced in Aug 2012.
Who led Hopper's Series B round?
OMERS Ventures led it, with Brightspark Ventures and Atlas Venture.
What was Hopper's valuation at the Series B round?
It was not disclosed.
Did Hopper raise again after this round?
Yes: a Series C round in Dec 2016 of $62M.