Qstay, a Dubai, UAE-based provider of a hospitality and rental investment property management platform, raised $4.6M in Pre-Series A funding.
The round, which brought the total amount to $11.1M, saw participation from undisclosed investors.
The company intends to use the funds to expand operations and its development efforts.
Co-founded by Artur Khayrullin and Alec Redelman, Qstay offers a platform that provides comfort for guests and delivers hands-off management and ROI for property owners. The platform has already facilitated more than 130,000 nights booked and hosted over 60,000 guests, highlighting its growing popularity and success.
The company currently operates over 300 properties across nine markets in four countries, with plans for further expansion into additional markets between 2024 and 2026.
FinSMEs
10/06/2024