dayuse.com raises 15 million euros and closes the largest European Series A investment round of 2015
Daytime hotel booking platform, Dayuse.com has closed a 15 million euros Series A investment round at the end of 2015. The platform allowing you to book a hotel room for a few hours during the daytime, closed the largest European Startup Series A investment round of 2015, gaining the status of one of France’s hottest startups to follow in 2016.
The Paris-based company has taken investment from renowned venture capital firms Idinvest Partners and Partech Ventures, with contributions from the startup’s historical angel investors Paul Dubrule (Co-founder, Accor Group), Cédric Barbier (Founder, Lesjeudis.com) and Charles Petruccelli (Former President, American Express Travel).
The capital raised will fund three major initiatives: hire new talents, sustain the exponential growth in countries where Dayuse.com is already established, and take its international expansion to new continents.
The startup revolutionizing the world of the hospitality industry
Dayuse.com, new player of the on-demand economy, is disrupting a previously untapped market: reserving hotel rooms during the day.
We know that 70% of hotel rooms are empty during the daytime. Dayuse.com enables hotels to sell their unoccupied rooms at discounted rates. This unique approach has created an additional revenue stream to the traditional hospitality model and generated new practices for travelers in transit, business, daycations, interviews, photo-shoots, special events such as girls’ day, bachelorette, anniversaries, etc.
In a sector that has been disrupted by collaborative economy players like Airbnb and HomeAway, Dayuse.com is bringing back value to hoteliers by creating a complementary offering to overnight stays and increasing hotels’ revenue by 10%. This will enable the traditional hospitality industry to reclaim the lost market shares.
With more than 320,000 hotel rooms booked across the world since its launch, the online reservation platform has won over the trust of hotels and consumers.
Expanding to new continents
The Seed funding round closed a few months earlier in 2015 allowed the company to open a subsidiary in the United States and set up a team in Brazil.
The raised amount will be used to meet the demand of an accelerated growth in established markets, launch extensive marketing campaigns and to expand Dayuse.com’s service to new continents in order to make it accessible in Singapore, Hong Kong, Dubai, Australia, Argentina…. To support this expansion, 35 new talents will be hired across the Paris and New York offices. Dayuse.com’s goal is to double its staff in 2016.
“These additional investments are a key step for Dayuse.com. We are proud to welcome such renowned venture capitalist founds to our capital, and to see the trust of our historical investors renewed.
This hyper-growth phase is part of a controlled development plan that involves hiring new talents and expanding to new territories. The goal is to institutionalize Dayuse.com at an international level with the support of our partners. Together, our commitment to go further, faster, has no limits.”
David Lebée – CEO at Dayuse.com
“We are proud to invest into a startup developing a French expertise and with a business model giving it the outlook of becoming an international leader in its field. Furthermore, we are thrilled to join dayuse.com’s capital side to side with two renowned experts of the hospitality industry: Paul Dubrule et Charles Petruccelli.”
Benoist Grossmann – Managing Partner at Idinvest Partners
“In my time as a VC, rarely have I seen the stars align to bring together a crystal-clear concept execution, an established market leadership and such a professional approach, especially coming from a young management team.”
Jean-Marc Patouillaud – Managing Partner at Partech Ventures
“The dream of an old hotelier, in the case of a heavy investment such as a hotel, is to generate a complementary revenue stream. Dayuse.com makes it happen.”
Paul Dubrule – Co-founder at Accor Group
“The fundraising roadshow organized with Dayuse.com sparked a great deal of enthusiasm from the best European venture capital funds. Dayuse.com was recognized as being perfectly positioned to become a world leader in its sector.”
Chausson Finance
2015 key figures
- 320,000 reservations since its creation late 2010
- 14 countries: United States, England, France, Italy, Belgium, Canada, Germany, Spain, Switzerland, the Netherlands, Luxembourg, Ireland, Scotland, Wales
- 50% of sales come from international markets
- + 10% additional revenue for hotels
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