What is ByHours?
BYHOURS revolutionizes hotel bookings by offering flexible hourly rates, a concept that has gained significant traction across more than 4,000 hotels in 25 countries. This innovative model allows customers to book hotel rooms by the hour, providing access to all hotel amenities while only paying for the exact duration of their stay. Users can select their preferred check-in time and benefit from cancellation flexibility up to 24 hours before arrival. The service is designed to accommodate a wide range of needs, from travelers on layovers and short city breaks to business professionals requiring a convenient workspace. Through its user-friendly mobile application, ByHours simplifies booking management and provides access to exclusive deals, making it a leader in the flexible accommodation market.
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 Angel Ventures and DILA Capital
Key Investors in ByHours
Caixa Capital Risc
Caixa Capital Risc is a venture capital firm that invests in early-stage technology startups. They are known for their strategic investments in innovative companies across various sectors, aiming to foster growth and development within their portfolio.
Angel Ventures
Angel Ventures is a leading venture capital firm focused on early-stage investments in Latin America. They specialize in identifying and supporting innovative business models and entrepreneurs, particularly in Series Seed and Series A funding rounds.
Mediaset Spain
Mediaset Spain is a prominent Spanish media company that also engages in strategic investments. Their backing of ByHours suggests an interest in innovative digital platforms and services that align with evolving consumer behaviors.
What's next for ByHours?
With the recent injection of major strategic investment, ByHours is poised for accelerated growth and market penetration. The company's focus on micro-stays addresses a clear demand for flexible and cost-effective accommodation solutions. Future strategies will likely involve expanding its hotel network into new territories, enhancing its digital platform with advanced features, and potentially exploring partnerships to broaden its service ecosystem. This latest round of financing will be instrumental in solidifying ByHours' position as a leader in the hourly hotel booking segment, driving innovation and customer value in the global hospitality landscape.
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