ByHours is a Spanish internet company founded in March 2012 that provides online hotel bookings by the hour. The platform has aggregated over 300 hotels. Its core product enables users to reserve rooms in hourly increments rather than traditional overnight stays. Recently Velocity Ventures announced a strategic investment in the company. That investment is being used to support ByHours' expansion into emerging Asian markets. The article does not report any revenue, user counts, or detailed financial metrics. BYHOURS offers microstay hotel bookings in packs of three, six and 12 hours, allowing users to choose check-in and check-out times. The platform is available in more than 3,000 hotels worldwide and users can book in over 20 countries across 600 destinations. Founded in 2012 by Christian Rodríguez and Guillermo Gaspart, BYHOURS has over 250,000 users and has sold more than one million hotel hours. The company has generated over €20 million in turnover and international sales accounted for 52% of overall sales at the end of 2019. With new investment, BYHOURS plans to consolidate its presence in Europe, Latin America and Middle East flight-connection points, start operations in the United States, and develop the B2B market and connectivity with other tourism players. The company opened a Mexico office to centralise Latin America operations and expects to add over 2,000 hotels, increase turnover by over 150%, and earn 75% of revenue from international bookings. ByHours operates an online platform for booking hotel rooms by the hour, led by Christian Rodríguez and Guillermo Gaspart. The company runs in markets including Germany (office in Berlin) and Great Britain and allows reservations in cities such as Vienna, Rome, Brussels and Amsterdam. It has about 35 employees and reported €3.1 million of revenue in 2015, with a plan to reach €5 million in the referenced year. The freshly raised funds are intended to consolidate its presence across Europe, Latin America and southern Asia. ByHours has stated plans to expand into cities near international airports (examples cited include Doha and Dubai) and into Latin America, and it may seek additional capital to support openings in Asia or the United States. ByHours operates an online platform that enables customers to reserve hotel rooms by the hour. The service is active in Germany (with an office in Berlin), the UK and in cities such as Vienna, Rome, Brussels and Amsterdam. The company is headquartered in Barcelona and reported 25 employees at the time of the report. ByHours posted €3.1M revenue in 2015 and planned to reach €5M that year. Management changes noted Guillermo Gaspart Bueno assuming the chair while founder Christian Rodríguez remained CEO; investor representatives Roland Zeller (Redalpine), Sascha Hausmann (Howzat) and Ertan Can (HR Ventures) joined the board. The company planned a follow-on financing of €6–8M in early 2017 to support its internationalization efforts. ByHours is a Catalan startup offering a platform to reserve hotel rooms by the hour. The company is led and co‑founded by Christian Rodríguez Fornos and counts Guillermo Gaspar among its early participants. At the time of the report it had about 30 employees and roughly 30,000 recurring users of its application. The business is positioned as a reference project in the Spanish tech scene. Mediaset joined the company through an advertising‑for‑equity arrangement that will give ByHours prominent promotional presence on the broadcaster's TV channels.

Total raised

$18M

Funding rounds

6

Latest round

Equity

Latest activity

Jan 2020