# WeHostels

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/wehostels

- Industry: Commercial Property
- Headquarters: New York, US
- Website: www.inbed.me
- Total disclosed funding: $1.2M
- Latest round: Seed (Apr 5, 2012)
- Investors on record: 4

## About

WeHostels is an online platform that connects travelers with affordable and social lodging options, catering specifically to the needs of young backpackers and budget travelers across various global locations.WeHostels operates as an online booking platform focused on budget-friendly accommodations for young travelers. The company was acquired by StudentUniverse in January 2014, although the financial terms of the deal were not disclosed. Founded in New York, US, WeHostels was designed to cater to a growing market of budget-conscious travelers. The founder’s history and any previous ventures are not documented publicly.WeHostels provides an innovative online platform that allows users to book budget-friendly hostels and lodging options worldwide. The service targets young backpackers and travelers seeking affordable accommodation with social opportunities. This approach facilitates a unique travel experience, enabling users to connect with fellow travelers in various destinations.WeHostels generates revenue through its booking platform by charging a commission on each reservation made through its site. The model is designed to meet the needs of budget travelers and backpackers, creating a straightforward and user-friendly booking process for its clientele.WeHostels is planning to expand its offerings by developing additional features for its platform aimed at enhancing user experience. The company seeks to enter new markets, specifically targeting Europe and Asia by the end of 2024. The recent Seed funding round of USD 1.20 mn raised in January 2014 will be utilized to support these initiatives and improve the platform's technology to better serve its target audience.

## Funding rounds

- Seed, Apr 5, 2012, $1.2M — Ventech, TA Ventures, Quotidian Ventures, CAP Ventures

## Investors

- Ventech (https://capitalatlas.ai/funds/ventech) — Seed
- TA Ventures (https://capitalatlas.ai/funds/ta-ventures) — Seed
- Quotidian Ventures (https://capitalatlas.ai/funds/quotidian-ventures) — Seed
- CAP Ventures — Seed