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Qstay secures $4.6m. in pre-Series A funding to revolutionize hospitality industry

Jumeirah Beach Residence
Jumeirah Beach residence.

Qstay, a Dubai-based hospitality platform, raised $4.6 million in pre-Series A funding, bringing its total to $11.1 million, demonstrating strong investor confidence.

DUBAI, UAE – Dubai-based Qstay, a revolutionary hospitality and rental investment property management platform, announced that it has successfully raised $4.6 million in a pre-Series A funding round. This latest round brings the total amount raised by the company to $11.1 million. The funding was secured through a combination of conventional and convertible debt, demonstrating strong investor confidence in Qstay’s innovative approach to the hospitality industry.

Co-founded by Artur Khayrullin and Alec Redelman, Qstay is transforming the global landscape of hospitality with its technology-driven platform. The company leverages AI-powered customer service and digital concierge services to significantly enhance the guest experience while reducing operating costs by up to 50%.

“We are thrilled to have secured this additional funding, which will enable us to accelerate our growth and continue to innovate in the hospitality sector,” said Artur Khayrullin, Co- founder of Qstay. “This investment is a testament to the strong market demand for our tech-centric, design-led hotel-style experience and the compelling economics we offer to property owners.”

Alec Redelman, Co-founder of Qstay, added, “The support from our investors is a strong endorsement of our vision to redefine the guest experience and optimize returns for property owners. We are committed to expanding our footprint and enhancing our platform’s capabilities.”

Qstay currently operates over 300 properties across nine markets in four countries, with plans for further expansion into additional markets between 2024 and 2026. The platform has already facilitated more than 130,000 nights booked and hosted over 60,000 guests, highlighting its growing popularity and success.

he company’s innovative platform not only provides superior comfort and affordability for guests but also delivers hands-off management and higher ROI for property owners. With projections of $63 million in revenue by 2025 and an 18% EBITDA margin, Qstay is well-positioned for continued growth and success.

Vicky Karantzavelou
Co-Founder & Chief Editor - TravelDailyNews Media Network | Website

Vicky is the co-founder of TravelDailyNews Media Network where she is the Editor-in Chief. She is also responsible for the daily operation and the financial policy. She holds a Bachelor's degree in Tourism Business Administration from the Technical University of Athens and a Master in Business Administration (MBA) from the University of Wales.

She has many years of both academic and industrial experience within the travel industry. She has written/edited numerous articles in various tourism magazines.