Dayuse raises €15m from Partech et al.

The round comes months after a first seed investment by Accor co-founder Paul Dubrule, Lesjeudis.com founder Cédric Barbier and former American Express Travel CEO Charles Petrucelli. All three entrepreneurs have taken part in the current series-A.

Having recently set up shop in the US and Brazil, Dayuse will now dedicate the funds to 35 new hires in both Paris and New York, with plans to double existing headcount by year-end.

In addition, the fresh capital will finance Dayuse's marketing campaigns and expansion into new markets including Singapore, Hong Kong, Dubai, Australia and Argentina. The company is looking to strengthen operations in the 14 countries where it is already active and where it states business has recently grown by 65%.

A source familiar with the deal confirmed Partech's contribution came via the Partech International Ventures VI fund. Launched in April 2011 with a €120m target, the venture vehicle held a €100m first close in December 2011 and a €130m final close in October 2013.

Since that date, the fund has invested €5m on average in technology companies, including a €4m investment in Compte Nickel as part of a €10.2m round last September.

Company
Founded in late 2010, Dayuse operates a hospitality booking platform allowing customers to reserve unoccupied rooms at a discount on a same-day basis; according to its figures, the approach can result in 10% revenue uptick for hotels. With headquarters in Paris, the company currently operates in 14 countries worldwide and claims to generate 50% of its turnover abroad.

People
Idinvest Partners – Benoist Grossman (managing partner).
Partech Ventures – Jean-Marc Patouillaud (managing partner).
Dayuse.com – David Lebée (CEO).

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• Topics
• Expansion
• Technology
• France
• France
• IDInvest Partners (AGF Private Equity)
• Partech Ventures
• Venture