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Hopper Inc.
Hopper Inc. was founded in 2007 by Frederic Lalonde and Joost Ouwerkerk in Montreal, Canada, as an app-first travel booking company.
Hopper Inc.
Hopper Inc. was founded in 2007 by Frederic Lalonde and Joost Ouwerkerk in Montreal, Canada, as an app-first travel booking company. The platform uses big data and machine learning to predict future flight and hotel prices, offering users price alerts and the ability to hold a fare for a set period before booking. Hopper operates as a travel technology company, generating revenue through commissions on bookings, as well as through ancillary products like trip cancellation insurance and price freeze options. The company has raised venture capital from institutional investors, including Boston-based hedge fund Coatue Management, as well as GPI Capital and BDC Capital, but does not itself manage third-party capital or deploy direct investments. Its geographic footprint includes North America and Europe, with technology infrastructure based in Montreal and customer outreach via mobile app to over 120 million users globally. Hopper maintains a team of over 500 employees, with additional offices in Seattle and New York. No vehicles adjacent to the firm have been publicly disclosed. As of 2025, the company continues to operate without a formal capital deployment arm or family office structure, remaining a consumer-facing travel platform. A structural differentiator is Hopper's algorithm-driven product model — it sells not just travel but price certainty, using AI to underwrite future price risk on thousands of routes daily. This capacity to predict and lock in price is more akin to a fintech than a traditional online travel agency.
General information
Firm type
other
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
Canada
City
Montreal
Corporate office
Montreal, Canada
Frequently asked questions
Who runs investment decisions at Hopper Inc.?
Hopper Inc. does not have an investment team or make capital allocations on behalf of external or internal family offices. The company is a travel technology platform led by CEO Frederic Lalonde. Investment and strategic decisions for the company itself are made by the executive team and board of directors.
How does Hopper Inc. source proprietary deal flow?
Hopper Inc. does not source deal flow as an investment firm. The company generates value through its own AI-driven travel booking platform, not by making equity or debt investments in other companies. As a travel technology provider, Hopper focuses on product development rather than capital deployment.
Is Hopper Inc. structured as a single family office or does it operate more like a venture firm?
Hopper Inc. is neither a family office nor a venture firm. It is a publicly-reporting technology company incorporated in Canada and headquartered in Montreal, focused on e-commerce travel services. The firm operates as a corporation with venture capital backing, not as an investment management entity.
Does Hopper Inc. participate in fund commitments or only direct deals?
Hopper Inc. does not participate in fund commitments or direct investment deals. As an online travel agency, Hopper generates revenue through travel bookings and ancillary products, not through capital markets activity. No public information indicates the firm allocates capital to external funds or private companies.
What investment stages does Hopper Inc. typically target?
Hopper Inc. does not target any investment stage. The company is a travel technology platform without an investment division. Its activities are limited to consumer travel booking services; no stage-based targeting or portfolio investment strategy has been disclosed.
Which sectors does Hopper Inc. explicitly avoid?
Hopper Inc. does not invest in any sectors as a firm. The company's only business is online travel booking, including flights, hotels, and car rentals. No publicly available information suggests the company maintains a list of excluded sectors for investment, as it does not make investments.
How is Hopper Inc. related to any parent or related vehicle?
Hopper Inc. operates independently as a corporate entity. It has raised funding from venture capital firms, but no public information suggests a parent company or related family office controls its operations. The company is not a subsidiary or component of a broader investment entity.
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