#USA #New York #Hospitality Tech #Mews #Tiger Global

Mews Secures Major Investment to Propel Growth in Hospitality Sector

Mews, an innovative leader in hospitality technology, has successfully raised a substantial investment of $75 million, spearheaded by Tiger Global Management, a renowned global investment firm. This funding is set to bolster Mews’ already prominent position in the hospitality industry and accelerate its expansion efforts, particularly in the United States and DACH regions.

In 2024, Mews saw unprecedented global growth, achieving an impressive 50% year-on-year increase. The platform processed transactions exceeding $10 billion and generated over $200 million in revenue. Notably, Mews onboarded high-profile clients such as BWH Hotels and enhanced its portfolio through the acquisition of Atomize, establishing a remarkable 20% market penetration in the DACH region.

The recent funding represents a pivotal moment for Mews, aligning with its strategy of rapid expansion in the U.S., one of the most vibrant hospitality markets. Here are some key achievements following the latest investment:

• - Doubling revenue in North America year-on-year.
• - Increasing the number of hospitality brands leveraging Mews, welcoming innovative names like Lark Hotels and Weekender.
• - Significantly augmenting the scope of rooms and spaces managed through the Mews platform, significantly outpacing traditional property management systems (PMS) in the U.S.

The infusion of capital will also accelerate Mews' research and development initiatives, aiming to enhance the platform's artificial intelligence-driven revenue management capabilities. By continually innovating its technology, Mews intends to address the evolving demands of the modern hospitality landscape, thereby offering exceptional scalability, automated solutions, and operational intelligence tailored for top-tier hospitality brands.

Richard Valtr, the Founder of Mews, expressed enthusiasm about this partnership with Tiger Global. He highlighted their invaluable experience with successful tech companies within the U.S. market, suggesting that this collaboration would enhance Mews' growth trajectory and innovation pace. Valtr stated, "Tiger Global is a compelling partner for the next chapter of our journey... This investment reaffirms our dedication to the U.S. market, where we have established strong leadership."

Matt Welle, CEO of Mews, also pointed out that their overarching vision is to redefine hospitality by prioritizing guest experiences. He emphasized the potential of artificial intelligence to elevate both guest journeys and operational efficiencies, as the hospitality industry generates vast amounts of data. Welle noted, "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."

In conclusion, Sara Eadie from Tiger Global commented on Mews' ability to reshape the guest experience within the hospitality sector, marking their partnership as an exciting development. She shared her confidence in Mews' future growth and market leadership as they continue to expand within North America, reinforcing their commitment to deliver exceptional hospitality solutions.

With this significant investment, Mews stands at the forefront of technological advancement in the hospitality industry, demonstrating its potential to lead transformative changes that enhance guest experiences and operational effectiveness.