Upstay

Company Overview

Snapshot

Founded in June 2019 by Jonathan Shemer, Upstay operates with 11–50 employees. The company raised $1.5M across one funding round and was acquired by Plusgrade in January 2023.

Business overview

Upstay develops innovative technology for the hospitality industry, focusing on optimizing hotel inventory, generating new revenue streams, and enhancing guest experiences. The company's core product is an AI-powered upsell and cross-sell platform that automates personalized offers to guests. Upstay serves the travel and tourism sector, specifically targeting hotels within the Business Software and Retail & Marketing sectors.

Strategic signal

In January 2023, Upstay was acquired by Canadian traveltech firm Plusgrade. This acquisition signals a strategic consolidation within the travel technology market, allowing Plusgrade to integrate Upstay's advanced hospitality solutions and expand its offerings, while validating Upstay's technology and market position.

Company Intelligence Q&A

What was a significant corporate milestone for Upstay?

Upstay was acquired by Canadian traveltech firm Plusgrade in January 2023, leading to its inactive status.

When was Upstay founded and by whom?

Upstay was founded in June 2019 by Jonathan Shemer.

What is Upstay's primary focus in the hospitality industry?

Upstay focuses on providing hoteliers with technology to optimize inventory, generate new revenue streams, and enhance guest experiences through an AI-powered upsell and cross-sell platform.

How much capital did Upstay raise?

Upstay raised a total of $1.5M in October 2020, in a funding round that included Spring Ventures.

Which investor participated in Upstay's funding round?

In October 2020, Upstay received funding from Spring Ventures, raising $1.5M.