Qstay Secures $4.6 Million in Pre-Series A Funding to Revolutionize Hospitality Industry

Qstay, a groundbreaking hospitality and rental investment property management platform, has announced a successful raise of $4.6 million in a pre-Series A funding round. This addition brings the company's total funding to $11.1 million. The funding, comprising conventional and convertible debt, underscores strong investor confidence in Qstay's innovative approach.

Co-founded by Artur Khayrullin and Alec Redelman, Qstay employs AI-driven customer service and digital concierge services to enhance guest experiences and reduce operating costs by up to 50%. The company aims to transform the hospitality sector with its technology-centric platform.

Currently, Qstay manages over 300 properties across nine markets in four countries. The platform has facilitated over 130,000 nights of bookings and hosted more than 60,000 guests. Expansion plans are set for 2024 to 2026, aiming to enter additional markets.

Qstay projects $63 million in revenue by 2025 with an 18% EBITDA margin, positioning itself for sustained growth. The company’s platform offers enhanced comfort for guests and higher ROI for property owners, emphasizing its success and future potential.