Microstay booking site ByHours raises 8M euros in recent funding round

ByHours has closed a new funding round with 8 million euros that it will use to support its presence in Europe, Latin America, the Middle East and spread into the US.

ByHours, founded by Christian Rodríguez and Guillermo Gaspart, is a booking platform that allows microstay bookings in more than 3,000 hotels around the world in packs of 3, 6 and 12 hours, where the user chooses the check-in and check-out time, 24 hours a day.

Since its creation in 2012, the company has been supported by national and international investors with a total value of 18 million euros. New international investors have participated in this new funding round, including lead investors such as Angel Ventures and DILA Capital, both from Mexico, as well as current partners such as Howzat Partners.

Gaspart, CEO and Co-Founder of ByHours, said:

“Our goal for 2020 is, in addition to continuing to grow in our current markets and to start operations in the United States, to be able to develop the B2B market and improve our connectivity with other players in the tourism sector."

Co-Founder Rodriguez, explained:

“We bring flexibility to a sector that until now has been very limited to its traditional rules and operations and we provide additional income to the hotel sector."

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