Launched in 2014, MagicStay.com (formerly MagicEvent.com) is the first platform to book alternative accommodation for business travelers. They can find accommodations next to exhibition and conference centres, and services in major European business cities.The start-up carried out a fundraising by the end of 2013 with several funders. A second fundraising of 1 million Euros in November 2014 allowed MagicStay.com to accelerate its development in Europe, through the establishment of offices in Paris and Cologne.
In September 2015, MagicStay.com carried out a third fundraising of 1.5 million Euros. This allowed us to internationalise the website and to develop new services for business travellers. Another fundraising of 1 million Euros has been done in October 2016.
To strengthen its presence among businesses and travel agencies, MagicStay is supported by an Advisory Board of shareholders who are renowned in the business tourism sector. Alongside Charles Petruccelli, Peter Hazelzet, former CEO of Exposium and Benoît Bassi, President of Bridgepoint in France, lend their support to the fast-track development of the start-up.
Among the start-up's shareholders are Benoît Bassi, Partner and President of Bridgepoint Business in France, and member of the Bridgepoint Group's board, and Michael Benabou, co-founder of Vente-Privée.com. The Banque Publique d’Investissement (BPI) and some investment companies are also helping the start-up to grow.
The founders: business travel professionals
MagicStay.com was founded by three partners: Valéry Linÿer, 47 years old, William Lecerf, 47 years old and Eric Christophe, 53 years old.
Valéry has spent his career working in the event industry, in France but also internationally. He established many events in Paris, Cannes, Hong- Kong, Geneva, Abu Dhabi, Doha... and visited many other ones globally throughout every sector of activity.
“It is often difficult to find somewhere to stay during these major international events. Shortage of hotel rooms lead to an immense increase of prices and to extended transportation times. Business travellers have more and more budget constraints. Renting an appartment offer a larger space and sometimes more comfort for a better price. »
William is a specialist in short term rental and related services in Cannes. He is working on many events and conferences throughout the city.
Eric Christophe, former Information Systems Director of a large financial group, is in charge of development and search engine optimization.