Qstay closes USD 4.6 mn pre-series A round: Dubai-based hospitality platform Qstay secured USD 4.6 mn in pre-series A funding round, according to a press release. The funding was raised through a combination of conventional and convertible debt. The startup raised USD 6.5 mn in a previous debt and equity seed round in 2022, bringing the total amount secured in funding to USD 11.1 mn.

Where will the money go? “The new funding will enable Qstay to accelerate its growth and continue to innovate in the hospitality sector,” the press release reads.

About the startup: Founded by Artur Khayrullin (Linkedin), Ekaterina Rogozhina, Alec Fesenko and Natalya Fesenko, in 2020, Qstay is a hospitality and rental investment property management platform that integrates AI-powered customer service and digital concierge services. The startup is projecting some USD 63 mn in revenues by 2025, according to the press release, and currently operates over 300 properties across nine markets in four countries, with plans for further expansion into additional markets between 2024 and 2026.

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