March 30, 2016 0 Comments
Travel app Hopper has raised $16 million from a consortium of investors led by BDC Capital IT Venture Fund. This brings the company’s total funding to $38 million. Hopper’s algorithm analyses billions of flights to help users find the best deals and the best time to buy tickets. Hopper competes with the likes of Farecast, Kayak, Priceline, FareCompare and Skyscanner. The company claims that its price prediction technology can help consumers save as much as 40% on the price of a flight. So far, the app has been downloaded over 3 million times and in 2015, it was voted the number 4 travel app on the US App Store and the number 7 best app by Apple.
You can read about the funding here.
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