Hopper Raises Millions More for Its Agency Model: Travel Startup Funding This Week
Photo Credit: Hopper co-founders Frederic Lalonde, left, and Joost Ouwerkerk. Hopper
Skift Take
Hopper has closed an investment of about $70 million, according to a report. Investor faith in travel appears to endure.
Travel Startup Funding This Week
Each week we round up travel startups that have recently received or announced funding. Please email Travel Tech Reporter Justin Dawes at [email protected] if you have funding news.
This week, travel startups announced at least $4 million in confirmed funding.
In related startup news, Thayer Ventures, one of the rare firms to focus primarily on travel company equity investments, has closed an $80 million fund to invest in young travel and transportation companies despite the coronavirus pandemic.
>>Hopper, the online travel agency that has emphasized pricing predictions, closed a $70 million round of funding, according to The Logic.
Westcap led the latest round in the Montreal-based company, The Logic reported. Other investors included Montreal-based Inovia, Business Development Bank of Canada (BDC), Omers (the investing arm of the Ontario Municipal Employees Retirement System), Investissement Québec, and the Caisse de dépôt et placement du Québec.
The startup declined to comment on the report. Before this funding, Hopper had disclosed raising about $160 million ($235 million Canadian) since its foundin
