# StayFlexi

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/stayflexi

- Industry: Internet
- Headquarters: San Francisco, US
- Website: www.stayflexi.com
- Total disclosed funding: $1.6M
- Latest round: Seed (Jun 29, 2021)
- Investors on record: 5

## About

StayFlexi, Inc. is a technology company that provides a comprehensive platform tailored for the hospitality sector, enhancing operational efficiency through AI-driven property management solutions and tools to optimize guest experiences.Founded in 2018 in San Francisco, US, StayFlexi, Inc. specializes in delivering innovative solutions for the hospitality industry. The company has not undergone any significant pivots or structural changes. It was co-founded by Krishna T, Preetam Shetty, and Venkatesh Sakamuri, who also serves as CEO. StayFlexi achieved notable success in its funding efforts, raising USD 1.6 mn in Seed funding on June 29, 2021, with participation from investors such as Agya Ventures, Asymmetry Ventures, Bluefields Partners, and Y Combinator, totaling USD 1.6 mn raised from this round.StayFlexi provides an all-in-one platform designed specifically for the hospitality industry, focusing on hotels, vacation rentals, hostels, and hotel groups. The core offerings include an AI-powered Property Management System (PMS) that automates various operational tasks such as front desk management, housekeeping, and back-office functions, enhancing overall efficiency. The platform also features a sales hub that optimizes bookings and revenue through advanced tools, while the guest hub is dedicated to personalizing the guest experience by streamlining reservations and improving post-stay feedback. Additionally, StayFlexi's payments hub simplifies billing and supports over 100 currencies and 10 payment methods, aiming to reduce last-minute cancellations significantly. The company serves a diverse client base of over 2,000 hotels worldwide, with a strong presence in markets including the USA, India, the Middle East, Africa, and the Asia Pacific region.StayFlexi operates under a transaction-based revenue model, primarily generating income through subscriptions and partnerships with its clients in the hospitality sector. The pricing structure typically involves tiered subscription plans that grant access to various features of the PMS, POS, and other tools tailored for different business scales and operational needs. Clients utilize the platform for direct bookings and payment processing, facilitating seamless transactions from online and offline channels. The comprehensive nature of the offering allows for significant operational cost savings, further driving client engagement and retention. Flagship products include its automated PMS and sales tools, which collectively enhance revenue streams for hospitality businesses while ensuring compliance with industry standards.In June 2021, StayFlexi, Inc. raised USD 1.6 mn in Seed funding to further expand its operations and business reach. The company plans to develop new products aimed at enhancing its platform's capabilities, although specific product launch timelines have not been disclosed. StayFlexi is also focusing on expanding into new markets, particularly targeting regions in Asia and Africa by the end of 2023. The recent funding will be allocated towards supporting these initiatives, enabling the company to enhance its technological infrastructure and market presence.

## Funding rounds

- Seed, Jun 29, 2021, $1.6M — Y Combinator, Good News Ventures, Asymmetry Ventures, Great Wave Ventures, Protostatix Engineering Consultants Inc.
- Seed, Apr 1, 2021 — Good News Ventures

## Investors

- Good News Ventures (https://capitalatlas.ai/funds/good-news-ventures) — Seed
- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- Asymmetry Ventures (https://capitalatlas.ai/funds/asymmetry-ventures) — Seed
- Great Wave Ventures (https://capitalatlas.ai/funds/great-wave-ventures) — Seed
- Protostatix Engineering Consultants Inc. — Seed