Upstay

Company Overview

Snapshot

Founded in June 2019, Upstay operates with 11–50 employees. The company raised $1.5 million across one funding round from Spring Ventures. A significant milestone for the company was its acquisition 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 the guest experience. Its core product is an AI-powered platform that automates personalized offers for room upgrades and ancillary services. The company serves the travel and tourism sector, specifically targeting hotels, and operates within the Business Software sector, with a focus on Sales & Marketing Solutions and e-Commerce Tools.

Strategic signal

The acquisition of Upstay by Canadian traveltech firm Plusgrade in January 2023 signals a strategic consolidation within the hospitality technology market. This move indicates a growing trend of larger travel technology companies integrating specialized solutions to expand their offerings and enhance value propositions for hotels, suggesting a positive outlook for innovative ancillary revenue platforms.

Company Intelligence Q&A

What is Upstay's primary offering?

Upstay provides an AI-powered upsell and cross-sell platform designed for hotels. This platform automates personalized offers to guests, aiming to increase ancillary revenue, improve guest satisfaction, and streamline operations.

When was Upstay acquired?

Upstay was acquired by Plusgrade in January 2023. This acquisition was reported by sources including The Times of Israel and Calcalistech.

What was the total capital raised by Upstay?

Upstay raised a total of $1.5 million across one funding round.

Which investor participated in Upstay's funding round?

In October 2020, Upstay raised $1.5 million in a funding round with participation from Spring Ventures.

What industries does Upstay serve?

Upstay primarily serves the hospitality industry, with a specific focus on hotels, providing solutions to enhance guest experience and optimize revenue.