To attain its targets, the startup will earmark a substantial part of the EUR500,000 funding it’s raised recently for nationwide promotion.
After strengthening its foothold locally, InstantSpace wants to expand to Israel and on East European markets.
“By yearend we want to have at least 200, if not 250 hotels and in autumn we hope to reach over 100 events per month. Most hotels currently registered on the platform are from Bucharest and we will expand countrywide, step by step, city by city,” said Alexandru Stanescu, co-founder and CEO of InstantSpace.
InstantSpace platform has been recently launched publicly, but the project was launched in 2020 with the aid of an initial pre-seed investment of EUR100,000.
(English version by Catalina Apostoiu)