Capital One, which led a $170 million investment round in travel app Hopper in 2021, has added $96 million to the kitty, and the companies announced a long-term partnership between Hopper and Capital One Travel.
“Following the success of Capital One Travel, Hopper and Capital One are announcing an extension to their partnership as a way to continue creating best-in-class, intuitive solutions that make all parts of the travel journey seamless for customers,” Hopper’s announcement stated.
Hopper powers Capital One Travel, and Hopper also offers an array of fintech products, such as price freezes on flights and hotels, for an array of other partners.
Hopper claims to the the third largest online travel agency in North America, and to command 11.2 percent of third party flight bookings in the U.S., citing Marketing Information Data Tapes figures.
“The funds will be used to accelerate the company’s growth across several fronts including fueling its new social commerce initiatives,” Hopper stated.
Hopper has raised around $730 million in total funding.
A Hopper spokesperson declined to elaborate on Capital One’s equity stake in Hopper.
Tags: capital one, fintech, funding, hopper