What is ByHours?
ByHours operates at the intersection of travel technology and flexible accommodation, effectively disrupting traditional hotel booking models. By enabling users to select specific check-in times and pay only for the duration of their stay, the company addresses critical market gaps such as travel layovers, business meeting requirements, and spontaneous city escapes. This model not only maximizes asset utilization for hotel partners but also provides consumers with unprecedented flexibility. The platform's robust digital infrastructure, accessible via a user-friendly mobile application, facilitates seamless booking management and cancellation, positioning ByHours as a leader in the burgeoning micro-stay economy. The company's growth trajectory, supported by a series of strategic financing rounds, reflects its ability to scale operations while maintaining high service standards across diverse international markets.
How much funding has ByHours raised?
ByHours has raised a total of $13.3M across 3 funding rounds:
Unspecified
$795K
Unspecified
$3.6M
Unspecified
$8.9M
Unspecified (2013): $795K with participation from Caixa Capital Risc
Unspecified (2014): $3.6M led by Mediaset Spain and Axon Partners Group
Unspecified (2020): $8.9M supported by DILA Capital and Angel Ventures
Key Investors in ByHours
Mediaset Spain
Mediaset España Comunicación is a prominent Spanish media conglomerate that provides strategic visibility and corporate backing to its portfolio companies.
Axon Partners Group
Axon Partners Group is an investment management and consulting firm that focuses on driving innovation and value creation within the technology sector.
Angel Ventures
Angel Ventures is a leading venture capital firm specializing in early-stage and early-growth investments, with a strong focus on innovative business models in Latin America.
What's next for ByHours?
Looking ahead, the infusion of capital from the latest funding round is expected to accelerate ByHours' international expansion and technological refinement. As the travel industry continues to evolve toward personalized, on-demand experiences, ByHours is well-positioned to capture additional market share by integrating deeper into the corporate travel ecosystem and enhancing its proprietary booking engine. The strategic focus will likely shift toward optimizing inventory management for hotel partners and leveraging data analytics to improve user acquisition and retention. By maintaining its commitment to flexibility and convenience, ByHours is poised to solidify its status as an essential utility for modern, time-conscious travelers, potentially setting the stage for further institutional backing or strategic partnerships in the coming fiscal periods.
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