About WeHostels
WeHostels is a company based in New York (United States) founded in 2011 was acquired by StudentUniverse in November 2013.. WeHostels has raised $1.2 million across 5 funding rounds from investors including FJ Labs, StudentUniverse and German Ventures. WeHostels operates in a competitive market with competitors including Hostels World, EuropeanHostels, Hostel Hop, Hostel Point and Hostel Times, among others.
- Headquarter New York, United States
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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
$1.2 M (USD)
in 5 rounds
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Latest Funding Round
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Investors
FJ Labs
& 9 more
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Employee Count
Employee Count
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Acquired by
StudentUniverse
(Nov 18, 2013)
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Funding Insights of WeHostels
WeHostels has successfully raised a total of $1.2M across 5 strategic funding rounds. 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 5
- Last Round Last Round
- First Round First Round
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2012 | Amount | Seed - WeHostels | Valuation |
investors |
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| Jun, 2012 | Amount | Seed - WeHostels | Valuation |
investors |
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| Mar, 2012 | Amount | Seed - WeHostels | Valuation |
investors |
| 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 WeHostels
WeHostels has secured backing from 10 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include FJ Labs, StudentUniverse and German Ventures. 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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Venture capital firm focused on marketplaces, gaming, web3, fintech, and multiple sectors
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Founded Year | Domain | Location | |
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Seed & Early stage VC & Accelerator firm investing in Germany & the US
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Founded Year | Domain | Location | |
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Early-stage funding is provided to innovative founders by Ventech.
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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 WeHostels
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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.
|
2016 |
Financial Statements - WeHostels
| 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 |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Wehostels Comparisons
Competitors of WeHostels
WeHostels 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, EuropeanHostels, Hostel Hop, Hostel Point and Hostel Times, 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 |
Operates a digital marketplace for easy hostel bookings.
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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 |
A hostel booking platform with social features for travelers.
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| domain | founded_year | HQ Location |
Provides a digital marketplace for easy hostel bookings.
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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 WeHostels
When was WeHostels founded?
WeHostels was founded in 2011.
Where is WeHostels located?
WeHostels is headquartered in New York, United States. It is registered at New York, New York, United States.
Is WeHostels a funded company?
WeHostels is a funded company, having raised a total of $1.2M across 5 funding rounds to date. The company's 1st funding round was a Seed of $1.2M, raised on Nov 30, 2011.
What does WeHostels do?
WeHostels was founded in 2011 in New York, United States, as a mobile-only marketplace in the travel sector. Affordable hostels, budget hotels, and bed-and-breakfasts worldwideover 40,000 listingsare accessed and booked instantly through the app. Community ratings are provided for accommodations, and events such as concerts and festivals are discovered via its network. The company was acquired by StudentUniverse.com in 2013.
Who are the top competitors of WeHostels?
WeHostels's top competitors include Hostels World, Hostel Hop and EuropeanHostels.
Who are WeHostels's investors?
WeHostels has 10 investors. Key investors include FJ Labs, StudentUniverse, German Ventures, Ventech, and Quotidian Ventures.
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