Qstay, a burgeoning hospitality and rental investment property management platform, has secured $4.6 million in pre-Series A funding, marking its total funding at $11.1 million. Co-founded by Artur Khayrullin and Alec Redelman, Qstay leverages technology to enhance customer service and reduce operational costs significantly. This recent investment underpins the confidence investors have in Qstay’s market-disrupting business model. The company currently manages over 300 properties across nine markets in four countries, highlighting its growth through more than 130,000 nights booked and over 60,000 guests hosted. With projections of $63 million in revenue by 2025 and an 18% EBITDA margin, Qstay aims to revolutionize the guest experience while optimizing property owner returns, committed to future expansions between 2024 and 2026.
Hospitality, Real Estate, Technology,United Arab Emirates, Global
https://www.newswire.com/news/qstay-secures-4-6-million-in-pre-series-a-funding-to-revolutionize-22356712