Today we have very good news, and that is that since Intelectium we have advised Hot Hotels, one of the European leaders in last-minute hotel bookings through mobile applications for the closing of an important investment round. This operation has entered Axon Partners Group, who, together with other investors, have contributed 1 million dollars to Hot Hotels to promote its international development and expansion.

In addition to consulting, Intelectium has also decided to become part of Hot Hotels through Techxios, an investment vehicle that has already been used for operations in companies such as Miscota, Uolala! or Minube.

Below is the press release issued.

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From left to right: Conor O'Connor, CEO of Hot Hotels, Adelaida Muriel, Mk Director, and to the right Joe Haslam, Chairman. Three of the founders of Hot Hotels. [/caption]

HOT HOTELS RECEIVES INVESTMENT FROM AXON PARTNERS GROUP

The international investment firm has decided to support the expansion process of this company, born in Spain and which already operates in more than 40 markets offering last-minute hotel reservations through mobile devices.

MADRID, SPAIN. April 2, 2014: Hot Hotels (www.hot.es), a company specialized in booking hotels at the last minute through mobile devices, has received support from the international investment firm Axon Partners Group, in a funding round that reaches 1 million dollars, and in which the founders themselves, several business angels, the accelerator Bolt, the Intelectium firm and funds from ENISA also participate. This agreement will allow Hot Hotels to develop and expand to Latin America, a market in which Axon has extensive experience and knowledge. The company also plans to continue growing its user base in Europe, where it intends to consolidate its leading position in the last-minute hotel booking market through mobile devices. For Conor O'Connor, CEO of Hot Hotels:”With this investment from Axon, we gained the necessary strength to establish a clear difference between Hot and our competitors in Europe. With the experience of Axon's investment team, as well as its global network of offices around the world, it provides us with a valuable base to accelerate our growth process in Latin America.”Carlos Rodríguez-Maribona of Axon Partners Group, consider:”The Travel and Mobile sectors are two of the most attractive to invest in right now, just what Hot combines. At Hot Hotels we found what we were looking for: a talented team of entrepreneurs running a project that already has a strong presence in its market, as well as enormous potential to expand internationally.”The ICT II Fund aims to create a long-term positive impact on the Spanish economy. It follows the same strategy as its successful predecessor, the Axon ICT I Fund, with well-known investments such as those made in Wuaki.tv, Akamon and Nice People At Work; although in the case of ICT II the objective is to guide it towards the earliest stages of companies. In addition, according to Carlos:”We are impressed by the excellent results that Hot Hotels has achieved thanks to the experience and diversity of its team. With their vast knowledge of the Travel sector and our knowledge of the technology sector and Latin American markets, we believe that this relationship can have immense potential.” The accelerator for technology-based startups Intelectium, led by Patricio Hunt, has acted as sole advisor to Hot Hotels in this transaction, in addition to investing in its capital through Techxios, its investment vehicle.About Hot Hotels At Hot Hotels, we offer last-minute bookings via mobile devices in 43 countries and 257 cities in Europe, Africa, Asia, Latin America and Israel. The company was founded in January 2012 by Conor O'Connor, Adelaida Muriel, Joe Haslam and José M. Fernandez. Hot Hotels keeps the majority of the capital in the hands of its founders, and its offices will remain in Madrid and Marbella, Spain. More information at http://hot.es/ or by following @hot_app on Twitter.About Axon Partners Group Investment Axon Partners Group is an International Investment, Corporate Development and Consulting firm, specializing in emerging markets. Created by entrepreneurs with extensive financial and business development experience, Axon has grown to create a team of more than 30 experts around the world. Axon Partners Group Investment has two great qualities, combining a global presence with local experience. It manages funds worth more than 180m USD, and invests in companies in LatAm, Spain and India. Axon has a successful track record in sectors such as energy, health and the digital economy. Invest from 100k to 25m USD. For more information http://www.axonpartnersgroup.com or on Twitter @AxonPG.About Intelectium Intelectium is a business accelerator with strong experience in financial operations for technology-based startups. The company has participated in raising more than 50 million dollars for its clients in the last 5 years. For more information https://intelectium.com/NuevaWeb or on Twitter @Intelectium.