MagicStay has raised 3 million euros in Series A funding, bringing its total amount raised since launching in 2013 to more than 8 million euros. The company, focused on apartment rentals for business travelers, plans to use the funds to accelerate growth. Apartments secured and managed by professionals meet travelers' demand to exist "as at home" and enable savings, said co-founder and CEO Valery Linyer. MagicStay manages 400,000 apartments in Europe, the Middle East and the U.S., 20 percent of them in France and 20 percent in the U.S.