• Startup: Hospitality.
• Founding date: 2020.
• Country: UAE.
• Investors: -.

UAE-based, Qstay announced that it has successfully raised $4.6 million in a Pre-Series A funding round through a combination of conventional and convertible debt. This latest round brings the total amount raised by the company to $11.1 million.

The company’s platform leverages AI-powered customer service and digital concierge services to significantly enhance the guest experience while reducing operating costs by up to 50%.

Qstay currently operates over 300 properties across 4 countries, with plans for further expansion into additional markets between 2024 and 2026.

Founded in 2020, Qstay has already facilitated over 130,000 nights booked and hosted over 60,000 guests. It also announced raising $6.5M in a seed round in 2022.