Funding round
Hopper Series D
Hopper, which works in travel booking and distribution in Montreal, raised $100M in a Series D round announced on 3 Oct 2018, led by OMERS Ventures. 7 firms took part, 6 of them already investors. It is Hopper's third venture round on record; the one before was a Series C in Dec 2016.
$100M
Amount raised
Not disclosed
Post-money valuation
7
Investors
1 lead
Valuation
What this round says about the price
Hopper did not disclose a valuation in this round. It came 22 months after Hopper's Series C. It is 16% of the $615M Hopper has raised in the venture rounds on record. Hopper raised again 29 months later: a Series F round of $170M in Mar 2021. 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 15 Dec 2016, led by La Caisse $62M
- Series D this round 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 6 other firms. OMERS Ventures, Caisse de dépôt et placement du Québec (CDPQ), Accomplice and Brightspark Ventures and 2 more had backed Hopper before.
Lead investor
- backs 67 venture-backed companies existing investor
Also in the round
- Caisse de dépôt et placement du Québec (CDPQ) existing investor
- backs 102 venture-backed companies existing investor
- backs 20 venture-backed companies existing investor
- backs 69 venture-backed companies existing investor
- BDC Capital IT Venture Fund existing investor
- Citi Ventures new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time, other companies' Series D rounds in Travel Agencies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Travel Agencies | 12 Dec 2017 | $133M | not disclosed | General Atlantic and Temasek |
| GetYourGuide Travel Agencies | 2 Nov 2017 | $75M | not disclosed | Battery Ventures |
| Travel Agencies | 4 Oct 2017 | $111M | not disclosed | Temasek |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did Hopper raise in its Series D round?
Hopper raised $100M in its Series D round, announced in Oct 2018.
Who led Hopper's Series D round?
OMERS Ventures led it, with Caisse de dépôt et placement du Québec (CDPQ), Accomplice, Brightspark Ventures, Investissement Québec and BDC Capital IT Venture Fund and 1 more.
What was Hopper's valuation at the Series D round?
It was not disclosed.
Did Hopper raise again after this round?
Yes: a Series F round in Mar 2021 of $170M.