# France Hostels

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/france-hostels

- Industry: Travel & Leisure
- Headquarters: Paris, France
- Website: www.francehostels.info
- Total disclosed funding: $1.9M
- Latest round: Series B (Mar 29, 2018)
- Investors on record: 2

## About

France Hostels provides budget accommodation solutions for travelers, focusing on hostels across France. They aim to enhance the travel experience for visitors seeking affordable lodging options.Founded in 2015 and headquartered in Paris, France, France Hostels specializes in offering budget-friendly accommodations. The company has successfully executed 2 deals, with its most recent funding round being a SERIES B in March 2018, raising EUR 1.11 million from investors including Bpifrance Investissement and Extendam. Romain Viennois, the founder, has previously been involved in other ventures.France Hostels offers a variety of budget accommodation options, primarily focused on hostels situated throughout France. Their services cater to both domestic and international travelers, providing essential amenities and a social atmosphere conducive to networking and cultural exchange. By focusing on cost-effective lodging, the company targets a wide demographic of travelers, from students to backpackers seeking authentic experiences.In the fiscal year 2023, France Hostels reported a revenue of EUR 2,217,525.80 with an EBITDA of EUR 216,113.10. Their revenue model revolves around reservations made through their online platform, catering to the growing segment of budget-conscious travelers.Looking ahead, France Hostels intends to expand its offerings by developing new hostel locations in key tourist areas across France, with plans to launch these by the end of 2024. The recent SERIES B funding of EUR 1.11 million will support the development of these new properties and enhance their marketing efforts to attract more travelers. Additionally, they are exploring partnerships to increase their visibility in the European travel market.

## Funding rounds

- Series B, Mar 29, 2018, $1.4M — Bpifrance Investissement, Extendam
- Series B, Jul 24, 2017, $0.5M — Bpifrance Investissement

## Investors

- Bpifrance Investissement (https://capitalatlas.ai/funds/bpifrance-investissement) — Series B
- Extendam (https://capitalatlas.ai/funds/extendam) — Series B