Partech ventures takes part in the startup’s new €15m financing round

Dayuse

The deal is the largest Series A operation to take place in Europe in 2015. Partech Ventures today announced the acquisition of a new stake in Dayuse.com

Published on www.globalbankingandfinance.com | 13/01/2016 | Direct link

This €15M Series A round is completed alongside IDinvest Partners as well as Dayuse.com’s historical business angels Cédric Barbier, Paul Dubrule and Charles Petruccelli.

“Partech Ventures supports Dayuse.com since day one and now confirms its commitment with this significant new investment that will help the startup accelerate on a global scale” Jean-Marc Patouillaud, Managing Partner of Partech Ventures and Board member of Dayuse.com said. To support this renewed commitment, he also added: “As an investor, I have rarely seen such an alignment of planets, with the clear execution of the concept, an early dominant market position and such professional dynamism from a young management team.”

Dayuse.com manages to challenge the traditional hospitality business, a sector shaken by the sharing economy, without threatening its sustainability. The startup completes hotel supplies and allows businesses to significantly increase their revenues by monetising empty rooms during the day at lowered rates. 70% of the rooms are unoccupied during the day. Hospitality professionals can therefore fight back for the market shares that have recently lost to a host of new disruptive players.

With over 320,000 rooms rented in 14 countries since inception, the online booking platform has proven attractive for both consumers and hospitality professionals.

“This financing round is a key step for Dayuse.com. We are proud to welcome renowned investors to our capital and to see our historical shareholders confirm their confidence. This hyper-growth phase is part of a sustainable development project that includes the recruitment of new talents and the conquest of new territories. We aim at institutionalising Daysuse.com on an international level with the support of our partners. Together, our desire to go faster and further is limitless”, David Lebée, CEO of Dayuse.com, said.

This new operation will allow to recruit new talents, to maintain Dayuse’s exponential growth in countries where it already operates (+ 65%), to reach new continents and to expand the offer in Singapore, Hong Kong, Dubai, Australia, and Argentina …

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