What is Day Use?
Founded in September 2010, Day Use has established itself as a leader in the niche market of daytime hotel reservations. The French startup, which has expanded to operate in 12 countries and partners with over 1,000 hotels, provides a unique service allowing users to book rooms in 3- to 5-star hotels for a few hours during the day. This innovative model caters to a diverse clientele, including business travelers needing a quiet workspace, individuals seeking a private resting place between flights, or couples looking for a discreet romantic getaway. The company's strategic expansion, including a second office in Miami, highlights its ambition to broaden its reach and solidify its position in the global hospitality sector.
How much funding has Day Use raised?
Day Use has raised a total of $17M across 1 funding round:
Series A
$17M
Series A (2016): $17M with participation from Venture Capitalists Idinvest Partners and Venture Capitalists IDinvest
Key Investors in Day Use
Venture Capitalists IDinvest
Idinvest Partners is a private equity firm that finances and supports entrepreneurs across various business development stages. Specializing in the mid-market, the firm has a history of backing companies with significant growth potential.
Venture Capitalists Idinvest Partners
Idinvest Partners is a prominent investment firm known for its strategic backing of companies, particularly within the European market, focusing on growth and innovation.
Undisclosed Investor
An undisclosed investor participated in this significant funding round, signaling confidence in Day Use's business model and future prospects.
What's next for Day Use?
With the recent major strategic investment, Day Use is poised for accelerated growth and market penetration. The substantial capital injection, part of its $17M in total funding, will likely be directed towards expanding its operational footprint into new international markets, enhancing its technological infrastructure for a seamless booking experience, and forging new partnerships with upscale hotel chains. The company's focus on providing flexible, short-term room access aligns with evolving travel and work trends, positioning Day Use to capitalize on emerging opportunities and further solidify its leadership in the daytime hotel booking segment.
See full Day Use company page
