MagicStay is an apartment rental platform dedicated to business travelers, offering secured, professionally managed short- and long-stay apartments. The company has fully integrated into major business travel booking tools and built exclusive connectivity technology for security providers, payment partners, OBTs and TMCs. MagicStay reports a portfolio of over 400,000 homes worldwide, a rise of more than 100%, and emphasizes duty of care, customizable tools for large companies, 24/7 customer service, and traveler data protection. Management says the fundraising will fund talent recruitment and accelerate international expansion and integrations. The company aims to sign a quarter of major French companies and target one million homes before year-end. MagicStay has raised more than €8 million since its 2013 launch and is preparing a Series B. MagicStay operates an online short-term rental platform dedicated to business travelers, offering apartments, studios and villas that meet corporate requirements. The platform integrates with existing booking tools and Travel Management Companies and also offers Weezard, an apartment booking tool developed with Travel Managers. Launched in 2014 and based in Paris, the service already lists about 150,000 apartments across 90 countries and has positioned itself as a leading alternative-accommodation provider for business tourism. The company has secured corporate contracts with clients such as Société Générale, NextRadio, Quicksilver, Havas Voyages, CDS, iAlbatros and H-Résa. MagicStay plans strong growth in the French market before expanding globally at the end of 2018 and intends to broaden its accommodation inventory. It is also developing a special extended-stay offering for 1-month to 1-year bookings to address payment, contracting and installation needs for HR and travelling executives, and recently closed a €1.5M fundraising to accelerate its technological development. MagicStay is a 100% B2B short-term apartment rental platform offering services tailored to business travelers and travel managers. The platform currently lists more than 50,000 selected rentals and aims to reach 100,000 apartments by the end of the year. Core features include an e-conciergerie app, a Travel Manager Tool, a loyalty card and the Trustay® approach. Three years after its launch, the company says it will fast-track development with backing from new private investors. To support growth and commercial adoption, MagicStay is strengthening its Advisory Board with industry figures including Charles Petruccelli, Peter Hazelzet and Benoît Bassi. The company raised more than 1 million euros through intermediaries to support its expansion among businesses and travel agencies.

Total raised

$9M

Funding rounds

5

Latest round

Series A

Latest activity

Jun 2019