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Capital one travel portal12/27/2023 In the same year, Hopper also acquired a trip-planning service, Journy. In October 2021, the company acquired PlacePass, a Boston-based online booking service. In late 2019, Hopper acquired a Colombian travel company, named GDX Travel. It received $96 million in additional investment from Capital One in November 2022. A month later, in February 2022, Hopper was valued at $5 billion after a $35 million secondary share sale. In January 2022, Hopper launched Hopper Homes to provide short-term home rentals. In August 2021, Hopper raised an additional $175 million in a series G funding round led by GPI Capital. In March 2021, Hopper became a unicorn after receiving an investment of $170 million from Capital One. In the same year, it started a sustainability program, named Hopper Trees, in partnership with Eden Reforestation Projects, to plant trees for every airfare purchase and two for every hotel room booking in order to offset carbon dioxide (CO₂) emissions. In late 2019, Hopper expanded its services and added fintech-based functions designed to help users optimize their travel costs. In October 2018, Hopper received an investment of $100 million in funding to expand its services internationally. A year later, in 2017, the company expanded its platform by adding a hotel booking service. In March 2016, Hopper received $62 million in funding to further develop its airfare prediction algorithm. In January 2015, Hopper launched its app with functions such as flight price prediction and real-time price monitoring. Hopper shifted its business model in May 2014, becoming a big data-driven website that helped travelers choose where to fly and when to buy their tickets. In April 2014, Seth Kugel published an article that covered Hopper's online research reports that gave details on how travelers could optimize their travel costs. Specifically, during the initial development phase between 20, Hopper developed technology that crawled over two billion web pages for travel-related information and added it to Hopper database. In January 2014, Hopper was launched after developing its platform for over six years as a startup and new technology incubator. In 2012, Dakota Smith joined as a third co-founder and Hopper received $12 million in Series B funding from investment funds such as OMERS and Atlas Venture. It started as a travel planning tool with which a user could search for different places and activities. Hopper was founded in April 2007 by Frederic Lalonde and Joost Ouwerkerk, both of whom were executives at Expedia Group. The company is headquartered in Montreal, Canada and Boston, Massachusetts. is a travel booking app and online travel marketplace that sells flights, hotels, rental cars, and short-term rentals.
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