The valuation came after a secondary-share sale raised an additional US$35 million, and is markedly higher than its US$3.5-billion valuation from last August, when it raised US$175 million in Series G funding. Brookfield Asset Management, Stack Capital Group and Drive Capital invested. (TechCrunch, The Globe and Mail)
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The valuation came after a secondary-share sale raised an additional US$35 million, and is markedly higher than its US$3.5-billion valuation from last August, when it raised US$175 million in Series G funding. Brookfield Asset Management, Stack Capital Group and Drive Capital invested. (TechCrunch, The Globe and Mail)
Talking point: Hopper, which allows users to book flights, car rentals and hotels, recently announced that it would add the option to book short-term home rentals. The company also plans to introduce a “cancel-for-any-reason” feature to its home-rental offering, which could well shake up the Airbnb-dominated sector. The company told TechCrunch it will use the new funds to bulk up customer support staff, with plans that 300 of its 500 new employees will be in customer-service roles. Hopper CEO and co-founder Frederic Lalonde also indicated the company is interested in acquihires, targeting travel, data-science or engineering-heavy startups, as it seeks to expand products and enter new markets.
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