The people

What they build
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About
Frederic Lalonde and Joost Ouwerkerk, both formerly of Expedia, started Hopper in Montreal in April 2007; the consumer app it is known for — flight price prediction first, then hotels and short-term rentals — came later. Capital One has been its largest backer, adding US$96 million in November 2022 and taking the total raised to roughly US$740 million. In 2021 Hopper launched HTS, a business-to-business division that licenses its AI, travel-commerce and fintech tools to partners including Capital One, Air Canada, Uber UK and Tripadvisor. The company keeps a large second office in Boston.
Backers
Capital One is the largest investor — US$170 million in 2021 and a further US$96 million in November 2022 — after earlier rounds involving OMERS and Atlas Venture. About US$740 million raised in total. The investor list is assembled from press reports, not from a company filing.
Quick answers
What does Hopper do?
It sells flights, hotels and short-term rentals through an app that predicts which way prices are moving, and earns on fintech add-ons — price freeze, cancel for any reason — attached to the booking.
Who founded Hopper and when?
Frederic Lalonde and Joost Ouwerkerk, both former Expedia executives, in April 2007 in Montreal. Dakota Smith joined in 2012.
What is HTS?
Hopper Technology Solutions, launched in 2021, licenses Hopper's booking, AI and fintech stack to other companies. Capital One, Air Canada, Uber UK and Tripadvisor are named partners.