Qstay Revolutionizes Hospitality Industry with $4.6M Pre-Series A Funding
June 17, 2024, 9:34 pm
Qstay
Total raised: $4.6M
Qstay, a Dubai-based platform for managing rental investment properties and hospitality, has secured $4.6 million in Pre-Series A funding, bringing their total funding to $11.1 million. The company's innovative approach to the hospitality industry has garnered strong investor confidence, with funding obtained through a mix of conventional and convertible debt.
Co-founded by Artur Khayrullin and Alec Redelman, Qstay utilizes AI-powered customer care and digital concierge services to enhance the visitor experience and reduce costs by up to 50%. This tech-centric, design-led approach has attracted investors who see the potential for growth and innovation in the hospitality sector.
With plans to expand into new markets between 2024 and 2026, Qstay currently manages over 300 properties in nine markets across four countries. The platform has already facilitated over 130,000 nights booked and hosted more than 60,000 guests, showcasing its increasing popularity and success.
By offering hands-off management and a higher return on investment for property owners, Qstay is poised for continued growth and success. With projected revenue of $63 million and an 18% EBITDA margin by 2025, the company is well-positioned to redefine the guest experience and optimize returns for property owners.
Qstay's recent funding round is a testament to the market demand for their innovative platform and the compelling value proposition they offer. As they continue to expand and enhance their capabilities, Qstay is set to revolutionize the hospitality industry and set new standards for guest comfort and affordability.
Co-founded by Artur Khayrullin and Alec Redelman, Qstay utilizes AI-powered customer care and digital concierge services to enhance the visitor experience and reduce costs by up to 50%. This tech-centric, design-led approach has attracted investors who see the potential for growth and innovation in the hospitality sector.
With plans to expand into new markets between 2024 and 2026, Qstay currently manages over 300 properties in nine markets across four countries. The platform has already facilitated over 130,000 nights booked and hosted more than 60,000 guests, showcasing its increasing popularity and success.
By offering hands-off management and a higher return on investment for property owners, Qstay is poised for continued growth and success. With projected revenue of $63 million and an 18% EBITDA margin by 2025, the company is well-positioned to redefine the guest experience and optimize returns for property owners.
Qstay's recent funding round is a testament to the market demand for their innovative platform and the compelling value proposition they offer. As they continue to expand and enhance their capabilities, Qstay is set to revolutionize the hospitality industry and set new standards for guest comfort and affordability.