Hopper Inc.

Hopper Inc. in its Series D Financing Round of US$100 million

Client

Hopper Inc.

Value

US$100 million

Service

Corporate Finance and Securities

Date Closed

October 2018

Industry

Venture Capital

Lead Office

Montréal


On October 3, 2018, Hopper Inc. (“Hopper”) announced that it has closed a US$100 million Series D financing led by OMERS Ventures. Existing investors Caisse de dépôt et placement du Québec (CDPQ), Accomplice, Brightspark Ventures, Investissement Québec, BDC Capital IT Venture Fund, and new investor Citi Ventures participated in the round, bringing the company's total funding to date to US$184 million. The new funding will be used to expand Hopper's market presence globally and continue its AI development.

Hopper Inc., headquartered in Montreal, Canada, develops a mobile application that uses big data to predict and analyze airfares. The company’s application provides travelers with the information they need to get the deals on flights and notifies them when prices for their flights are at their predicted lowest points.

Osler, Hoskin & Harcourt LLP represented Hopper with a team consisting of Shahir Guindi, Matthew Oliver, Marisa Corona and Mélanie Séguin (Corporate) and Paul Seraganian, Alain Fournier and Chad West (Tax).


Team
Paul Seraganian - Cross Border Tax Lawyer

Paul Seraganian

New York Managing Partner

Alain  Fournier

Alain Fournier

Partner, Taxation

Matthew Oliver

Matthew T. Oliver

Associate, Corporate

Marisa Corona

Marisa Corona

Associate, Corporate

Chad West

Chad West

Associate, Tax

Mélanie Séguin

Mélanie Séguin

Paralegal, Corporate