Funding will accelerate International expansion and product development
Palma de Mallorca, May 17th 2016. HUNDREDROOMS, the leading vacation rental metasearch engine in Spain, has announced today a €4.1M Series A investment, led by SEAYA Ventures, with participation from existing investors INVEREADY, BANKINTER and MEDIA DIGITAL Ventures, who had previously invested €1M in 2015.
Hundredrooms is the leading vacation rental metasearch engine in Spain. Its unique technology allows customers to check and compare prices for accommodations in most vacation rental websites in a single search. Their engine matches and compares prices from almost 5 million properties worldwide from partners like Airbnb, House Trip, WaytoStay, Booking.com, GowithOh, 9flats.com and BeMate amongst others. The company will have more than 6 million searchable vacation rental offers by the end of 2016 allowing users to filter by features, set alerts, recommendations, etc. all accessible from its recently launched App.
Hundredrooms will use the investment to consolidate its International expansion, starting this year with LatAm and United States. Proceeds received from this round will also be used for product development, launching new services and products with a unique focus on mobile.
José Luis Martínez, CEO and founder of Hundredrooms, said: “There’s a clear opportunity for Hundredrooms to become the worldwide leader for vacation rental metasearch. With this new round of investment and the involvement of SEAYA Ventures, we are now much better positioned to achieve this”.
Beatriz González, founding partner of SEAYA Ventures, said: “The vacation rental space is the fastest growing category in the travel sector (35% yoy); we believe metasearchers will lead this category in the future, as they have done in flights or hotels. Hundredrooms is the best positioned company to become the leader given its outstanding team and a very sophisticated technology that can match properties identifying substantial price differences; this is a very compelling value proposition for consumers which translates into recurrence and loyal users”.
HUNDREDROOMS (http://hundredrooms.com) is an online comparison site for apartment rentals and holiday homes. It was founded in early 2014 in response to the exponential increase in demand for this type of alternative accommodation. With a single search, Hundredrooms allows consumers to check and compare prices for properties across all the leading vacation rental websites, within a few seconds.
About SEAYA VENTURES
SEAYA VENTURES (http://seayaventures.com) is a Spanish venture fund investing in early and growth stage Internet and technology-enabled companies in Spain and Latin America. Seaya Ventures seeks to transform early and growth stage companies into category leaders, with a focus on innovative businesses that require growth or expansion capital and can build a lasting value. Seaya Ventures has invested in 10 companies.