MagicStay.com, the start-up exclusively dedicated to short term rentals and serviced apartments for business travel, has just raised a new 1,500,000 euros, bringing to 3,000,000 euros the sums raised since its launch. According to its co-founder and CEO, Valéry Linyer, this fund-raising will enable the start-up to develop its housing portfolio in Europe, and to offer new services for professionals.
To date, MagicStay.com offers nearly 10,000 homes – studios, apartments, villas – in 60 cities in Europe and around the world, selected for business tourism.
“We will increase our offer in major business cities such as Milan, Frankfurt, London, to offer a wide range of accommodation,” says Valéry Linyer. While maintaining the same requirements: “All our accommodations are selected to meet the needs of business travellers, in terms of comfort, security, location close to business locations, equipment and services.”
Recognized investors in their sector
The start-up’s shareholders include Benoît Bassi, Partner and Chairman of Bridgepoint Business in France, a member of the Bridgepoint Group board, and Michael Benabou, co-founder of Vente-Privée.com.
Finally, the Public Investment Bank (BPI) and investment companies are also involved in the growth of the start-up.
100% business services
MagicStay.com offers tools to make it easier for companies to book and manage accommodation costs. These are the Group Agreements for large companies, the travel managers’ tracking and optimization tool, the Magic Business Card loyalty program for executive assistants, the Agency Travel Pro offer for travel agencies, and the white label sites for event organizers.
“We simplify the booking method as much as possible by allowing payment by transfer, or monthly billing into account,” explains Valéry Linyer. He added: “This new fundraiser represents a very important step in the development of our services to Travel buyers in companies, in France and in Europe.”