Travel booking app Hopper closed $100 million in a Series D financing round led by OMERS Ventures. Existing investors Caisse de dépôt et placement du Québec, Accomplice, Brightspark Ventures, Investissement Québec, BDC Capital IT Venture Fund, and new investor Citi Ventures participated in the round, bringing the company’s total funding to date to $184 million.
As a leading mobile-only travel booking company, Hopper strives to distinguish itself with its conversational commerce model and machine learning. The app is designed to enable travelers to save money and travel more by predicting future prices for flights and accommodations with 95% recommendation accuracy, offering personalized tips, and notifying travelers about price drops and deals.
The new funding will be used to expand Hopper’s market presence globally and continue its AI development.