Hospitality startup Sextant Stays raises $14M, unveils new name

Miami-based Sextant Stays is announcing a new name – Roami – and $14 million in Series A funding.

The round is led by Vigo Capital and brings the startup’s total funding to $29 million since its founding in 2016.

Roami CEO Andreas King-Geovanis says he founded the company to fill the void between what he describes as two “flawed options” that dominate the accommodations industry, “cramped and expensive hotel rooms or inconsistent and unpredictable vacation rentals.”

Roami manages entire buildings – currently with more than 500 units in South Florida and New Orleans – and says its properties are “tech-enabled” units that are six times larger than a typical hotel room.

The company plans to use the funding to continue adding more buildings to its portfolio.

"We're excited to introduce Roami as a brand built around what we’ve termed ‘Predictive Hospitality,’” says Brandreth Canaley, Roami’s COO.

“Throughout the customer journey, our technology is collecting the dots and connecting the dots to anticipate guests’ needs before they even know they have them.”

And says Vigo Capital founder Kirill Vinogradov, “We’re proud to support Roami as they reimagine the way the world lives, works, and travels. The company’s consistent growth since 2020 despite volatile external conditions proves that they truly understand how to satisfy the needs of the modern ‘roamer’ and we’re looking forward to seeing their continued growth and expansion.”