Upstay

Company Overview

Snapshot

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

Business overview

Upstay developed an innovative technology platform designed for the hospitality industry, specifically targeting hotels. The company's core offering optimizes inventory, generates new revenue streams, and enhances the guest experience. Operating within the Business Software sector, Upstay provides AI-powered upsell and cross-sell solutions, enabling automated personalized offers for room upgrades and ancillary services to guests, thereby increasing revenue and streamlining operations for hotels.

Strategic signal

Upstay's acquisition by Canadian traveltech firm Plusgrade in January 2023 signals a strategic consolidation within the travel technology sector. This move indicates a growing demand for advanced solutions that optimize hotel operations and guest experiences, validating Upstay's technology and market approach. For investors, this highlights the potential for successful exits in the hospitality tech space through strategic acquisitions by larger industry players.

Company Intelligence Q&A

What was a significant recent corporate development for Upstay?

Upstay was acquired by Canadian traveltech firm Plusgrade in January 2023. This acquisition led to the company's inactive status.

When was Upstay founded?

Upstay was founded in June 2019.

What is Upstay's primary focus?

Upstay focuses on providing advanced solutions for the hospitality industry, specifically developing technology for hoteliers to optimize inventory, generate new revenue streams, and enhance guest experience.

What was the total capital raised by Upstay?

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

Which investor participated in Upstay's funding round?

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