Amsterdam, Netherlands-based hospitality cloud provider, Mews, has successfully secured $110 million in funding, led by Kinnevik, alongside Revaia, Goldman Sachs Alternatives, Notion Capital, and new investor LGVP. This latest investment, valuing the company at $1.2 billion, will fuel Mews’ strategic initiatives, focusing on global expansion, research and development, and potential acquisitions.
Established in 2012 by Richard Valtr, Mews offers a cloud-based system designed to streamline operations for modern hoteliers, enhance the guest experience, and drive profitability. The platform seamlessly integrates with thousands of other tech solutions. Currently, Mews manages over 350,000 hospitality spaces across 5,000 customers globally, including renowned names such as Accor, Generator-Freehand, The Strawberry Group, The Social Hub, and Airelles.
In the past year, Mews has achieved remarkable milestones, including a remarkable 60% year-on-year increase in revenue, surpassing $100 million in annualized net revenue. Additionally, the company reported a substantial rise in Gross Payment Volume, exceeding $8 billion, and facilitated over 16 million annual check-ins worldwide. Mews has solidified its market position with more than 1,000 integrations featuring hospitality’s leading technologies in its marketplace. Notably, the company has expanded its portfolio through three strategic acquisitions—Frontdesk Anywhere, Hotello, and Nomi—bringing the total number of hospitality companies acquired to eight.
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By Proptechbuzz
By Ravi Kumar
