Travel isn’t just for the big players anymore.
Hopper, the app launched in 2015 that predicts the cheapest time to buy a plane ticket, raised about $61.8 million in a Series C round announced Thursday. The Canadian company reported that amount as $82 million in Canadian dollars.
That puts the nearly 2-year-old app up against Priceline, Expedia and all the other major players in air travel. Hopper only has a mobile app, and doesn’t plan to move to desktop.
The Series C round was led by Caisse de dépôt et placement du Québec, a pension fund manager.
Hopper scans billions of airfare price quotes to predict flight prices with what it says is 95 percent accuracy. If you set up an alert for a trip you’re planning to take, Hopper will tell you what price would be a good deal and whether you should wait or book now. Then the app will send you a push notification when it thinks you should book, which you can do within the app. Ninety percent of the app’s sales come from push notifications, rather than from users searching. Read more…