Funding round
Hopper Series F
Hopper, which works in travel booking and distribution in Montreal, raised $170M in a Series F round announced on 24 Mar 2021, led by Capital One. 5 firms took part. It is Hopper's fourth venture round on record; the one before was a Series D in Oct 2018.
$170M
Amount raised
Not disclosed
Post-money valuation
5
Investors
1 lead
Valuation
What this round says about the price
Hopper did not disclose a valuation in this round. It came 29 months after Hopper's Series D. It is 28% of the $615M Hopper has raised in the venture rounds on record. Hopper raised again 5 months later: a Series G round of $175M in Aug 2021, at $3.50B post-money.
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 3 Oct 2018, led by OMERS Ventures $100M
- Series F this round 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
Capital One led the round with 4 other firms.
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: Series F rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Dataminr Tech Companies | 23 Mar 2021 | $475M | $4.10B | Eldridge Industries |
| Tech Companies | 17 Mar 2021 | $230M | $1.40B | Bessemer Venture Partners and Tiger Global |
| Tech Companies | 9 Mar 2021 | $220M | not disclosed | Georgian |
| Icertis Tech Companies | 11 Mar 2021 | $80M | $2.80B | B Capital |
| Business Consulting | 31 Mar 2021 | $35M | not disclosed | Morningside Group |
| Glovo Food delivery | 1 Apr 2021 | $530M | not disclosed | Lugard Road Capital and Luxor Capital Group |
| Sysdig Tech Companies | 28 Apr 2021 | $188M | $1.19B | Premji Invest and Third Point Ventures |
| Gupshup Software Development Services | 8 Apr 2021 | $100M | $1.40B | Tiger Global |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Hopper raise in its Series F round?
Hopper raised $170M in its Series F round, announced in Mar 2021.
Who led Hopper's Series F round?
Capital One led it, with GS Growth, Inovia, WestCap and Citi Ventures.
What was Hopper's valuation at the Series F round?
It was not disclosed.
Did Hopper raise again after this round?
Yes: a Series G round in Aug 2021 of $175M at $3.50B post-money.