Inveready led an investment round in Hundredrooms of EUR 1M. In this operation also participated Bankinter Capital Riesgo, Media Digital Ventures, several current partners and some public funds.
Hundredrooms is a Spanish start-up that aims to lead the metasearch market for vacation rentals.
As Jose Luis Martinez, CEO and founder of hundredrooms said, the investment will allow us to continue growing in the Spanish market, internationalize and continue to invest in technology as a vehicle to have the best product in the aggregation of vacation rentals. The holiday rental market is a giant market where we aspire to be one of the key players and are confident that this round puts us in a good position to achieve it.
Ignacio Fonts, Managing Partner in Inveready considers that the investment in hundredrooms has great potential because of the attractiveness of the travel industry in general and apartments in addition to the fact that nobody has achieved a major market share in the aggregators’ market.
Hundredrooms is the first metasearch for tourist apartments and holiday homes in Spain.
It compares prices from over 1,000,000 properties 100 different websites.
It finds the perfect apartment for vacation saving up to 50%!
Inveready Technology Investment Group is the first Spanish Investment Group that focuses on innovative companies in their early stages of life with financial needs in their seed stage between 1 and 4 million euros. Inveready has offices in Barcelona, Madrid and San Francisco.
Media Digital Ventures is the first Spanish fund for equity investment in medium format, with advertising assets of the main groups of Spanish communication. It focuses on startups centered with B2C and B2B2C models, Media Digital Ventures facilitates rapid and sustainable growth for its subsidiaries, supporting their leadership position in the sector in which they operate and exponentially increasing their chances jump to international markets.