ByHours completed a €3 million investment round from Investiere, Howzat Partners and HR Ventures

ByHours, a Barcelona, Spain-based company operating a digital platform for micro-booking hotel rooms, completed a round of 3 million euro ($3.6M).

The money was provided by the Swiss fund Investiere, undisclosed business angels from Abu Dhabi, and existing investors such as Howzat Partners, HR Ventures and Roland Zeller. The funds raised will be used to consolidate its presence in Europe, Latin America and South Asia.

ByHours was founded in 2012 by Christian Rodríguez. Guillermo Gaspart and Joan Gaspart and operates a hotel reservation platform. The company recorded a turnover of € 3.1 million in 2015, and expects to reach € 5 million in 2017.