PARIS–(BUSINESS WIRE)–The apartment rental platform dedicated to business travelers, MagicStay.com,
announces its full integration into the main business travel booking
tools and a €3 million A-series to pursue its development, bringing the
amounts raised to more than €8 million since its launch in 2013.
“This fundraising will allow us to recruit talent to accelerate our
growth. We want to sign a quarter of the major French companies and
approach one million homes before the end of the year, thanks to the
exclusive technologies we now have at our disposal”, says Valéry Linÿer,
CEO and co-founder, who adds: “We have four main advantages over our
competitors: we meet the challenges of duty of care, we are able to
customize our tool to meet the constraints of each large company for
short and long stays, we have 24/7 customer service with quality
processes and traveler support and we are the only ones compatible with
the protection of travelers’ personal data…”.
The international focus: “The business travel market is essentially
global in nature, and so are global players. MagicStay.com is
proud to be part of this community, and our technology now allows us to
accelerate our international presence,” adds William Lecerf, co-founder.
MagicStay.com,
which develops exclusive connectivity technology for the main players in
Business Travel: security (iSOS, SSF, Anticip, iJET…), payment (Amex
BTA, Airplus…), OBT (Concur, KDS…), TMC… and real-time tools to
connect real estate agencies worldwide, announces that it has reached a
portfolio of over 400,000 homes worldwide, up more than 100%.
According to CWT, hotel rates will increase by 6.8% in 2019, putting
pressure on corporate travel policies. “The provision of an offer of
apartments, secured and managed by professionals, makes it possible both
to meet the growing demand of the traveler to be “as at home”, and at
the same time to obtain crucial savings on this budget item which
represents a quarter of the expenses of business travel. ” says Valéry
Linÿer.
Jérôme Patenotte and Sophie Mesnier Teissèdre (Simmons & Simmons) and
Florent Guillermain and Rodolphe Besserve (Société Générale Corporate &
Investment Banking SGCIB) completed the transaction.
MagicStay is already in the process of preparing a B series.
Contacts
Fanny Wong
[email protected]
