History
The company was founded in March 2012 by Christian Rodríguez and Guillermo Gaspart in Barcelona, Catalonia, Spain. The company raised €600K seed funding from Caixa Capital and Cabiedes Partners in July 2013. [7] In 2014, according to Travelmole, over 150,000 bookings were made through BYHOURS at over 1,500 hotels in Spain. [8] [9] In 2018, the company reached the first million hours booked in their platform. [10] During 2019, BYHOURS opened a new office in Mexico City, Mexico, and started its new expansion project in Latin America and the United States.
BYHOURS currently has about 60 employees based at its Barcelona headquarters and Mexico City office. BYHOURS offers more than 4,000 hotels by the hour in more than 24 countries around the world and about 600 destinations throughout Europe, [11] [3] [12] [4] [13] Latin America [1] and in travel hubs in the Middle East. [1] The platform has also a mobile application available on Android and iOS. [14] [15] [16]
Funding
In July 2013, BYHOURS raised €600K seed funding from Caixa Capital and Cabiedes Partners. [7] In April 2014, the company received a funding of 2.6 million from Spanish investors. [17] In August 2016, BYHOURS has also received 1.5 million from European funds [18] and in November 2017, the company was announced a funding of 3 million from new international investors as well as existing ones. [19] In January 2020, BYHOURS closed a €8M funding round to continue to grow in Europe, Latin America and the Middle East, as well as expand into the United States.
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