HotelsByDay
Early Stage
Book your daytime oasis in the middle of the city
Overview
Raised: $107,000
Total Commitments ($USD)
Platform
Wefunder
Start Date
07/13/2018
Close Date
11/30/2018
Min. Goal
$50,000
Max. Goal
$107,000
Min. Investment
$100
Security Type
SAFE
Funding Type
RegCF
Valuation Cap
$4,900,000
Discount Rate
15%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
12/02/2018
Days Remaining
Funded
% of Min. Goal
214%
% of Max. Goal
100%
Likelihood of Max
Funded
Avg. Daily Raise
$764
# of Investors
271
Momentum
Funded
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Founder Profile
Location
New York, New York
Industry
Travel and Hospitality
Tech Sector
MarketplaceTech
HotelsByDay makes it easier for customers to find and book their one-day stays. They help users navigate around rigid check-in and checkout times so customers can utilize the hotel rooms when they need them -- and hotels can bring in additional revenue and add the revenue stream to their current booking system easily through HotelsByDay’s platform. Hotels earn 50% net revenue of a day room when it would otherwise be empty, and guests have somewhere to relax during the day if they need to. So far, HotelsByDay has earned over $5M in gross bookings revenue to date, and 35% of customers are repeat users. They have over 700 North American and London hotels in their system, booked over 54,000 reservations, and have been featured on the Lodging Leaders podcast, as well as multiple other media outlets.
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| HotelsByDay | 04/30/2022 | Wefunder | $15,000,000 | $98,401 | SAFE | Funded | RegCF |
| HotelsByDay | 01/08/2020 | Razitall | $5,500,000 | $0 | CAFES | Not Funded | RegCF |
| HotelsByDay | 11/30/2018 | Wefunder | $4,900,000 | $107,000 | SAFE | Funded | RegCF |
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