Funding round
Hopper Series C
Hopper, which works in travel booking and distribution in Montreal, raised $62M in a Series C round announced on 15 Dec 2016, led by La Caisse. 20 firms took part, with 6 individual investors. It is Hopper's second venture round on record; the one before was a Series B in Aug 2012.
$62M
Amount raised
82,000,000 CAD converted
Not disclosed
Post-money valuation
20
Investors
1 lead
Valuation
What this round says about the price
Hopper did not disclose a valuation in this round. It came 52 months after Hopper's Series B. It is 10% of the $615M Hopper has raised in the venture rounds on record. Hopper raised again 22 months later: a Series D round of $100M in Oct 2018. 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 15 Aug 2012, led by OMERS Ventures $12M
- Series C this round 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
La Caisse led the round with 19 other firms.
Lead investor
- La Caisse backs 43 venture-backed companies new investor
Also in the round
- backs 20 venture-backed companies new investor
- OMERS new investor
- BDC Capital new investor
- backs 102 venture-backed companies new investor
- backs 69 venture-backed companies new investor
- Alumni Ventures new investor
- Craft Ventures backs 197 venture-backed companies new investor
- backs 5 venture-backed companies new investor
- Framework Venture Partners new investor
- backs 40 venture-backed companies new investor
- Kleiner Perkins backs 285 venture-backed companies new investor
- backs 77 venture-backed companies new investor
- backs 100 venture-backed companies new investor
- backs 14 venture-backed companies new investor
- RRE Ventures new investor
- Social Capital backs 94 venture-backed companies new investor
- Sorenson Ventures new investor
- backs 71 venture-backed companies new investor
- new investor
Individual investors: Alex Rodriguez, Alice Lloyd George, Kevin LIN, Prescott Watson, Kevin LIN and Prescott Watson.
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time, other companies' Series C rounds in Travel Agencies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Omio Travel Agencies | 1 Oct 2016 | $70M | not disclosed | Silver Lake and Kleiner Perkins |
| Travel Agencies | 5 May 2016 | $100M | not disclosed | Pitango |
| Travel Agencies | 25 Oct 2017 | $60M | not disclosed | Sequoia Capital and Goldman Sachs |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Hopper raise in its Series C round?
Hopper raised $62M in its Series C round, announced in Dec 2016.
Who led Hopper's Series C round?
La Caisse led it, with Brightspark Ventures, OMERS, BDC Capital, Accomplice and Investissement Québec and 14 more.
What was Hopper's valuation at the Series C round?
It was not disclosed.
Did Hopper raise again after this round?
Yes: a Series D round in Oct 2018 of $100M.