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

Mews Gains Significant Investment for Expansion

Mews, a premier player in the hospitality technology sector, recently announced a successful fundraising effort, securing $75 million in a funding round led by Tiger Global, a distinguished global investment firm. This financial boon signifies a strong backing from renowned investors, including Kinnevik, Battery Ventures, and Goldman Sachs Alternatives.

The capital injection is strategically aimed at bolstering Mews' position in the competitive hospitality space, particularly in the United States and DACH regions, while also accelerating the development of innovative features, including AI-powered revenue management systems and strategic acquisitions.

Having achieved remarkable success in 2024, Mews demonstrated impressive growth exceeding 50% year-on-year in revenue, processing more than $10 billion in payments. The company has attracted significant hospitality clients, such as BWH Hotels, completed the acquisition of Atomize, and has increased its prevalence to an impressive 20% market penetration in the DACH region.

The recent financial injection marks a pivotal step in Mews' expansion plans. The focus will be on its aggressive growth strategy in the U.S., targeting one of the most dynamic markets in the hospitality sector. Enhanced metrics include:

• - A doubling of revenue in North America year-on-year.
• - A twofold increase in the number of hospitality brands utilizing Mews, now seeing innovative partners like Lark Hotels, BWH Hotels, and Weekender.
• - A significant rise in the number of rooms and spaces managed through Mews, outpacing longtime players in the property management system (PMS) market across the U.S.

The investment is set to supercharge Mews' research and development endeavors, facilitating breakthroughs that address the evolving requirements of today's hospitality landscape. The company is dedicated to continuously advancing technology that brings unparalleled scalability, automation, and operational intelligence to the biggest names in the hospitality business.

Richard Valtr, Mews’ founder, expressed enthusiasm about collaborating with Tiger Global, noting, "Their experience with high-growth tech companies in the U.S. is invaluable to our ambitions in scaling our innovations and pursuing strategic acquisitions. This funding underscores our commitment to the U.S. market, having already invested over $50 million to expand our footprint in recent years. We remain steadfast in our long-term strategy for growth and leadership within the industry."

Matt Welle, CEO of Mews, added, "Our mission has always been to revolutionize the hospitality experience, placing people at the core. This funding advances us toward that vision. There are abundant opportunities within AI to enhance both guest experiences and operational efficiencies in this data-rich sector. With the backing of Tiger Global, we look ahead to a wave of innovative solutions at the intersection of hospitality and AI, with Mews leading the way."

Sara Eadie from Tiger Global commented on the investment, stating, "Mews is at the forefront of redefining exceptional guest experiences in the hospitality industry and beyond. Our partnership is strategic as they continue to grow in North America, bolstering their leadership position globally."

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Mews continues to innovate and lead in reshaping how hospitality management operates, promising a bright future as the company forges ahead with substantial investments in technology and customer experience enhancements.