Frederic Lalonde is the CEO and Co-Founder of Hopper, the smart way to book travel on your phone. He previously co-founded Newtrade, where he successfully raised $7 million in two rounds of venture capital and built the company up to 70 employees. Newtrade was acquired by Expedia in 2002, 21 months after their first round of funding.
A Series of interviews with innovators operating at the intersection of consumer behavior and business transformation: Frederic Lalonde, Founder and CEO, Hopper, a mobile app that predicts airline and hotel prices, allowing travelers to save up to 40%.
Travel tech company Hopper has raised a $175 million Series G, the company said today. That’snearly the same amount it raised in a Series F round that closed earlier this year. These are indeed new funds, however, bringing its total raised to date to nearly $600 million, with the company now…
Travel giant Amadeus adds fintech functionality from travel app developer Hopper, which is eyeing future development of more financial products.
For the same dollar of travel sold, customers spend 15% more. That’s larger than gaming. There’s an incredible opportunity to develop that.
In recent weeks, we have seen higher domestic bookings and lower international bookings on Hopper, as travelers look to stay closer to home. Since Hopper’s customer base is predominantly younger, leisure travelers and the majority of our bookings have been domestic throughout the pandemic, our domestic bookings still remain stable.
I’ve been an entrepreneur all my life. I started my first company Newtrade technologies in 1997 when I was 19. And I sold it to Expedia in 2002. I ended up joining Expedia as a result of that acquisition, working with and learning from Expedia founders Richard Barton and Lloyd Frink. They’re now doing Zillow among other things. Expedia was a formidable consumer company. And a lot of what we do today at Hopper is inspired by those learnings.