French hotel booking app VeryLastRoom has secured $2.1 million in financing. A Plus Finance, Extend Capital and Sigma Gestion led the round.
Less than a year after raising a 550,000 $ angel round, the french hotel booking application VeryLastRoom has just closed a 2,1M$ round led by french VC APlusFinance, Extend & Sigma Gestion.
The company which offers same-day hotel deals in France & Spain targets 1,000,000 downloads by the end of 2014 and already counts more than 1200 direct hotel partners, which is a pretty impressive number for a 8 people company.
Powered by a strong word of mouth, VeryLastRoom is best known to be the first hotel booking app to sell rooms with prices that drops in real-time all day long, a unique concept directly inspired by what is called “dutch auction”.
Launched in June 2012, the company which takes on hotelTonight is the last same-day hotel booking startup in Europe that remained independent & well-funded. Last september, Groupon acquired the spanish company Blink, and more recently the german Justbook was acquired by UK travel company SecretEscapes.
With this new round of funding, VeryLastRoom will double its team size in the next 3 months to support its growth and is now in good position to become a key player on a last-minute hotel market estimated at 28 Billion $ in Europe.
VeryLastRoom is the N°1 last-minute hotel booking app in France & Spain. We’re a pure mobile company that provide hotel owners a brand new way to sell their distressed inventory at the last minute.
Funded by Nicolas Salin & Sebastien Houzé in late 2011, VeryLastRoom is a pure mobile company that provide customers same-day hotel deals & offer to hotel owners a brand new way to sell their distressed inventory at the last minute.
The mobile application is powered by a strong pricing technology that helps hotels drive new revenues while optimizing their prices & protecting their brand.
Website & social media links
Website : http://verylastroom.com
Facebook : http://www.facebook.com/VeryLastRoom
Twitter : http://twitter.com/VeryLastRoom