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Damien
OMERS Ventures

When we first made our investment in Hopper, the business model was very different than it is today. And since that time, Hopper has gone on to build out additional services critical to serve the evolving needs of travellers, like insurance and financing options, which have become a driving force for revenue and profit. This constant evolution of the business has led to a number of follow-on raises for Hopper. Fred’s commitment to analyzing data means he is always improving the consumer experience, and driving profits through new and innovative revenue streams. Under Fred’s stewardship, Hopper has grown into a $1 billion business, and has a lot more runway for continued growth -- particularly given that travel is the 3rd largest sector globally after oil and ecommerce. Hopper is part of the evolution of the industry, as consumers demand more control and flexibility, and companies like Hopper that put consumers in the driver’s seat.