Hopper

Hopper is a mobile application that analyzes billions of flights to help find the best deals and the best time to buy, saving customers both time and money.
Hopper

The story so far

Frederic Lalonde founded Hopper in 2007. The Hopper team is on a mission to build the most customer-centric travel company on earth. Combining massive amounts of data and machine learning to build the world’s fastest-growing mobile first travel marketplace -- one that enables customers to save money and travel better -- Hopper’s goal is to reduce traveler anxiety throughout all stages of the trip buying and taking process. By creating a transparent travel marketplace and unique, data-driven financial technology products focused on providing peace-of-mind, Hopper adds value along each step of the customer’s journey. Hopper has launched several bespoke fintech products that leverage our immense first and third-party data to create products and value that do not exist elsewhere - including Refundable and Flexible Tickets and Price Freeze. Thanks to these offerings, Hopper’s revenue growth is up 112% despite the travel slowdown due to COVID-19. With over $250M in funding from leading investors in both Canada and the US, Hopper is primed to continue its acceleration to becoming the world’s fastest-growing end-to-end customer-centric travel offering. Recognized as one of the world’s most innovative companies by Fast Company three years in a row, Hopper has been downloaded over 50 million times and sees over 1 million new installs per month. The app has received high praise in the form of mobile accolades such as the Webby Award for Best Travel App of 2019. OMERS Ventures invested in 2012.

Hopper-logo
Themes

Marketplaces

Founded

2007

OMERS First Investment

2012

ABOUT THE FOUNDER

Frederic Lalonde

Frederic Lalonde is founder and CEO of Hopper. Before Hopper, Fred previously co-founded Newtrade, where he successful raised $7 million in two rounds of venture capital, and built the company up to 70 employees before being acquired by Expedia. As a VP at Expedia, Fred developed product and growth strategies, signing up over 10,000 hotels to the Expedia platform. He later moved on to participate in various Expedia M&A activities, including the acquisition of Hotels.com, TripAdvisor, and eLong.

The OMERS team

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Damien Steel
Global Managing Partner

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