ByHours secured €8 million from Dila Capital and Angel Ventures.
ByHours, a Barcelona, Spain-headqurtered company operating a marketplace for microstays at hotels, announced the completion of a €8 ($8.9M) million capital investment round.
The money round was led by Mexican investors Dila Capital and Angel Ventures and funding will be used to grow operations in Latin America, Europe and the Middle East, as well as to expand into the US.
ByHours, founded in 2012 by Christian Rodríguez. Guillermo Gaspart and Joan Gaspart, developed a marketplace that allows customers to book hotel rooms in 3, 6 and 12 hour blocks. The company has 62 employees based in Spain, Germany and Mexico and operated about 5 million transactions during 2019.