Amsterdam-based Mews, a hospitality technology company, announced that it has raised $75M (approximately €70.6M) in funding led by Tiger Global, a renowned global investment firm.
Based out of New York, Tiger Global is an investment firm pursuing a long-term approach to investing in leading, global public and private companies that leverage technological innovation.
Sara Eadie, Tiger Global, comments, “Mews is redefining what it means to deliver exceptional guest experiences in the hospitality sector and beyond. Our partnership with the Mews team marks an exciting step as they continue to expand in North America and strengthen their global market leadership.”
Other existing investors, Kinnevik, Growth Equity at Goldman Sachs Alternatives, and Battery Ventures, participated in the round.
The announcement comes two months after it acquired Auckland-based Clarity Hospitality Software Solutions, marking its twelfth acquisition.
The Amsterdam unicorn received funding after growing over 50 per cent year-on-year, processing over $10B in payments, and making over $200M in revenue.
Additionally, Mews signed marquee customers, including BWH Hotels, completed the acquisition of Atomize, and reached an impressive 20 per cent market penetration in the DACH region.
To top it off, the company also won the Top 250 Golden Scaler Award.
According to the research conducted by the Erasmus Centre for Entrepreneurship, Mews has been named the fastest-growing company in the Netherlands.
Fund utilisation
The company will use the funds to fuel its expansion in the U.S. and DACH, accelerate platform innovation with AI-powered revenue management capabilities, and drive strategic acquisitions.
The Amsterdam company is gaining market share and growing across North America.
Recently, it has doubled its revenue in the region and increased the number of hospitality brands using its services, including Lark Hotels, BWH Hotels, and Weekender.
Additionally, Mews has more than doubled the number of rooms and spaces it manages, outpacing many well-known property management systems in the U.S.
The company will also use the investment to accelerate its R&D efforts.
Previously, the Dutch unicorn raised $335M (approximately €315M) from investors including Growth Equity at Goldman Sachs Alternatives, Kinnevik, and Notion to transform hospitality
Mews: Streamlining hotel operations
Led by Matt Welle, Mews has developed Mews Hospitality Cloud to streamline operations for modern hoteliers, transform the guest experience, and create more profitable businesses.
The company’s clients include BWH Hotels, Strawberry, The Social Hub and Airelles Collection.
The company claims to have over 5,500 customers across more than 85 countries.
Matt Welle, CEO of Mews, adds, “Our vision has always been to redefine hospitality with spaces that put people at the heart, and this investment propels us even closer to achieving that goal. There are so many opportunities for AI to enhance both the guest journey and operational efficiencies in an industry that is so data-rich. With Tiger Global’s backing, we’re excited to build on the wave of innovation at the intersection of hospitality and AI, with Mews at the center of it.”
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