Fourstay, Inc.

Fourstay, Inc. is a technology-driven platform that connects renters with property owners, specializing in room rentals, roommate matching, and off-campus housing solutions designed primarily for students and young professionals. Founded in 2016 in Sunnyvale, US, Fourstay, Inc. operates a platform that simplifies the process of finding housing arrangements.

The company has raised a total of USD 1. 00 mn through a SEED funding round led by Plug and Play Ventures and Virginia Venture Partners. The most recent funding round occurred on April 15, 2019, and the company's current valuation stands at approximately USD 5. 00 mn.

The founders, Akobir Azamovich and Faridun N. , have a history of entrepreneurship that contributes to the company's strategic direction. Fourstay, Inc. primarily provides a platform for room rental, roommate finding, off-campus housing solutions, and homestay arrangements.

Its services enable users to connect with property owners and find suitable accommodations tailored to their needs, including budget and location. The platform is particularly relevant for universities seeking housing for students, hosts wishing to rent out their spaces, and individuals searching for affordable options. Key markets include urban centers such as Los Angeles and Redondo Beach in the United States and Canada, known for their educational institutions and job opportunities. Fourstay, Inc.

employs a revenue model based on transaction fees from room rentals and related services. The platform allows property owners to list their rooms with competitive pricing, such as USD 2,380 per month for a room in Los Angeles or USD 750 for a room in Redondo Beach. Renters benefit from a variety of options that meet their financial needs, with the model fostering direct interactions that enhance transparency and efficiency in the housing market. Looking ahead, Fourstay, Inc.

aims to expand its service offerings and reach by introducing new products designed to enhance user experience. The company is also focused on entering additional markets, particularly in major urban areas across North America and potentially globally, by 2022. Recent funding raised in April 2019 will be utilized to support these expansion efforts, further developing the platform to address growing housing needs.