Overview

Raised to Date: Raised: $107,000

Deal Terms

Investment Momentum

Company Profile

Deal Summary

Funding History

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

SEC Filing Type

RegCF    

Valuation Cap

$4,900,000

Discount

15%

Rolling Commitments ($USD)

Status

Funded

Reporting Date

12/02/2018

Days Remaining

Funded

% of Min. Goal

Funded

% of Max. Goal

Funded

Likelihood of Max

Funded

Avg. Daily Raise

$764

# of Investors

271

Momentum

Funded

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HotelsByDay

Year Founded

2014

Industry

Travel and Hospitality

Tech Sector

MarketplaceTech

Location

New York, New York

Company Website

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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Founder Profile: Solving The Day Stay With Yannis Moati of HotelsByDay

We’ve all been in that situation where we just want to take a nap during a long day of travel, be it from touring around a bunch or from taking every mode of transportation on our journey to a far away destination.

Unfortunately, as hotel booking systems and operations work there have historically been no options for the day-stay. Thus you are left meandering streets tired and weary or napping on an airport lounge chair. Neither of which is a great option.

This is the pain point, Yannis Moati and his team at HotelsByDay are trying to solve for today's traveler. Through their intuitive user platform, you can find a place to nap or ref resh at most major hotel brands across major cities like New York, Dallas, LA and more!

Read Founder Interview