A darling in the travel space, the booking app Hopper is valued at more than $5 billion.
, a popular travel booking app, announced Monday that it has secured a $96 investment from Capitol One, solidifying a long-term partnership between the two companies. Capital One previously led Hopper’s Series F round that raised $170 million in March 2021.
Last year, Hopper and Capital One joined forces to launch Capital One Travel, a Hopper-powered travel booking portal combining cardholder benefits with fintech products like price freezes, price drop protection, and cancel-for-any-reason insurance. A private company on track to sell $4.5 billion in sales this year, Hopper claims to be the third-largest online travel agency in North America with nearly 80 million downloads of its free app.
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