Hopper Takes Flight with $96 million USD Funding from Capital One

Hopper, a Montreal-based company, is a “mobile-first travel marketplace” that facilitates flight, hotel, car and home rentals. Persevering through setbacks caused by the COVID-19 pandemic, Hopper recently secured $96 million USD ($130 million CAD) in equity funding from Capital One in order to expand its business-to-business (B2B) functionality and help the company move into the social commerce sphere. Hopper president, Dakota Smith, commented that the round valued Hopper at over $5 billion USD.

Capital One’s recent deal with Hopper extended the length of their existing strategic partnership. In 2021, Capital One led Hopper’s $170 million USD Series F round and last year, Capital One became the first and “keynote” client of Hopper’s B2B business, Hopper Cloud, for the purpose of launching Capital One Travel.