About Hostel Rocket
Hostel Rocket is a company based in Durham (United Kingdom) founded in 2013 by Don Mullen. It operates as a B2C. Hostel Rocket has raised $775 thousand across 2 funding rounds from investors including Great Oaks Venture Capital. Hostel Rocket operates in a competitive market with competitors including Hostels World, Hostelworld Group, HostelBookers, Rest Up and Almero Student, among others.
- Headquarter Durham, United Kingdom
- Founders Don Mullen
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Sectors
Travel & Hospitality
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$775 K (USD)
in 2 rounds
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Latest Funding Round
$650 K (USD), Seed
Sep 26, 2014
- Investors
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Employee Count
Employee Count
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Funding Insights of Hostel Rocket
Hostel Rocket has successfully raised a total of $775K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $650 thousand completed in September 2014. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Seed — $650,000
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First Round
First Round
(10 Mar 2014)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2014 | Amount | Seed - Hostel Rocket | Valuation |
investors |
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| Mar, 2014 | Amount | Seed - Hostel Rocket | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Hostel Rocket
Hostel Rocket has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Great Oaks Venture Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Tech focused early-stage micro VC firm investing in the US
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Hostel Rocket
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Hostel Rocket
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Hostel Rocket Comparisons
Competitors of Hostel Rocket
Hostel Rocket operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Hostels World, Hostelworld Group, HostelBookers, Rest Up and Almero Student, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online booking platform for hostels
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| domain | founded_year | HQ Location |
Hostel accommodations are booked via an online platform.
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| domain | founded_year | HQ Location |
Budget accommodations and hostels are reserved via an online marketplace.
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| domain | founded_year | HQ Location |
Budget hostel accommodations are offered in historic London building.
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| domain | founded_year | HQ Location |
Offers affordable student housing in UK cities with all bills included and on-site support.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Hostel Rocket
When was Hostel Rocket founded?
Hostel Rocket was founded in 2013 and raised its 1st funding round 1 year after it was founded.
Where is Hostel Rocket located?
Hostel Rocket is headquartered in Durham, United Kingdom.
Is Hostel Rocket a funded company?
Hostel Rocket is a funded company, having raised a total of $775K across 2 funding rounds to date. The company's 1st funding round was a Seed of $125K, raised on Mar 10, 2014.
What does Hostel Rocket do?
Hostel Rocket, based in Durham, focuses on travel and hospitality, accommodations, operating booking platforms, and hostel services. Operates an online booking platform for hostel accommodations. The company prioritizes operational excellence, innovation, and customer-centric approaches for success. It continues to evolve, meeting industry challenges with strategic approaches.
Who are the top competitors of Hostel Rocket?
Hostel Rocket's top competitors include Hostels World, Hostelworld Group and HostelBookers.
Who are Hostel Rocket's investors?
Hostel Rocket has 1 investor. Key investors include Great Oaks Venture Capital.
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