Mews, an Amsterdam, The Netherlands-based hospitality cloud provider, is raising $110m in funding.
The round is led by existing investor Kinnevik, alongside Revaia, Goldman Sachs Alternatives, Notion Capital and new investor LGVP.
The new funding, which values the company at $1.2bn, will see the company prioritize its global expansion, research and development, and acquisitions.
Founded in 2012 by Richard Valtr, provides a cloud-based system to streamline operations for modern hoteliers, improve the guest experience and create profitable businesses. It integrates with thousands of other tech solutions. Today, over 350,000 hospitality spaces are managed via Mews across 5,000 customers worldwide, including Accor, Generator-Freehand, The Strawberry Group, The Social Hub and Airelles.
The funding follows a year of significant growth. In the last year, Mews has achieved:
- Over 60% increase in revenue year-on-year, crossing $100m in annualized net revenue
- A significant increase in Gross Payment Volume to over $8bn
- Over 16 million annual check-ins at hotels worldwide
- Over 1,000 integrations with hospitality’s best technology in its marketplace
- Three new acquisitions (Frontdesk Anywhere, Hotello and Nomi), taking the total number of hospitality companies acquired by Mews to eight
FinSMEs
04/03/2024