What is ByHours?
BYHOURS revolutionizes short-term hotel stays by enabling users to book rooms by the hour, a model implemented across more than 4,000 hotels in 25 countries. This flexible approach allows clients to select precise check-in times and utilize all hotel amenities, with the added benefit of cancellation up to 24 hours prior to arrival. Catering to a diverse clientele, including travelers on layovers, individuals seeking brief city excursions, and business professionals needing convenient meeting spaces, ByHours ensures customers pay only for the duration of their stay. The company's user-friendly application further simplifies booking management and provides access to exclusive deals, enhancing the overall customer experience.
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 Spain is a Spanish media company that has participated in ByHours' funding rounds, indicating a potential strategic interest in the digital and travel sectors.
Axon Partners Group
Axon Partners Group, a firm specializing in investment management and consulting, likely focuses on technology and innovation, supporting ByHours' growth through strategic capital and expertise.
Angel Ventures
Angel Ventures, a venture capital firm focused on early-stage investments in Latin America, provides crucial seed and Series A funding, aligning with ByHours' expansion and development.
What's next for ByHours?
The recent major strategic investment in ByHours signals a pivotal phase for the company, likely aimed at scaling its operations and enhancing its technological infrastructure. With a robust network of hotel partners and a clear value proposition for flexible accommodation, ByHours is well-positioned to capitalize on evolving travel trends. Future initiatives may include expanding into new international markets, refining its booking platform with advanced features, and forging deeper partnerships within the hospitality industry. This strategic capital infusion is anticipated to accelerate ByHours' trajectory towards becoming a dominant force in the hourly hotel booking market.
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