Mews Secures Major Investment to Strengthen Its Position in the Hospitality Industry
Mews, the prominent hospitality technology platform, is taking a significant leap forward with the announcement of its latest funding round, raising a whopping $75 million led by Tiger Global, an eminent global investment firm. Alongside existing investors such as Kinnevik, Battery Ventures, and Goldman Sachs Alternatives, this substantial investment is poised to solidify Mews' leadership within the competitive hospitality industry and redefine hotel management practices.
With the infusion of capital, Mews aims to broaden its expansion efforts in the United States and the DACH region (Germany, Austria, and Switzerland). The funds will be instrumental in driving innovation within the platform, particularly through the integration of AI-powered revenue management capabilities and strategic acquisitions.
The past year has seen remarkable growth for Mews, evidenced by over 50% year-over-year growth, with the company processing over $10 billion in payment volume and generating upwards of $200 million in revenue. Their roster of notable clients has expanded, including partnerships with BWH Hotels, further establishing Mews' foothold in the hospitality sector. Additionally, their acquisition of Atomize and their noteworthy 20% market penetration in the DACH region highlights Mews' aggressive growth strategy.
The timing of this funding is pivotal as the company places a strong emphasis on scaling its operations within the U.S. market, which is among the most dynamic hotel markets globally. Recent achievements include doubling revenue in North America year-over-year, doubling the number of hotel brands using the platform to include forward-thinking names like Lark Hotels and Weekender, and more than doubling the number of rooms and spaces managed through Mews—a clear sign of surpassing some traditional PMS competitors in the U.S.
Mews' focus on investing in research and development aims to accelerate innovation that responds to the evolving needs of today's hospitality landscape. With relentless dedication to technology advancements, Mews is shaping the future of hotel management, providing unparalleled scalability, automation, and operational intelligence for some of the world's most prestigious hotel brands.
Richard Valtr, the founder of Mews, shared his enthusiasm regarding the partnership with Tiger Global, stating, "Tiger Global is an attractive partner for the next chapter of our journey. Their expertise with high-growth technology firms and category leaders in the U.S. is invaluable as we continue to expand our presence, accelerate innovation, and pursue strategic acquisitions. This investment reinforces our commitment to the U.S. market, where we have established strong leadership and invested over $50 million to expand our operations in recent years. We intend to keep investing significantly in this market, underlining our long-term growth and global leadership strategy."
Matt Welle, CEO of Mews, added, "Our vision has always been to redefine hospitality with spaces that put people at the center. This investment brings us closer to achieving that goal. There are vast opportunities for AI to enhance both guest experiences and operational efficiency in an industry rich with data. With Tiger Global's backing, we are excited to ride the wave of innovation at the intersection of hospitality and AI, positioning Mews at the forefront."
Sara Eadie from Tiger Global commented on the collaboration, stating, "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."
As Mews embarks on this ambitious new chapter backed by its recent funding, the hospitality industry will undoubtedly witness the transformative effects of this innovative technology platform aimed at enhancing hotel management in an increasingly competitive landscape.
With the infusion of capital, Mews aims to broaden its expansion efforts in the United States and the DACH region (Germany, Austria, and Switzerland). The funds will be instrumental in driving innovation within the platform, particularly through the integration of AI-powered revenue management capabilities and strategic acquisitions.
The past year has seen remarkable growth for Mews, evidenced by over 50% year-over-year growth, with the company processing over $10 billion in payment volume and generating upwards of $200 million in revenue. Their roster of notable clients has expanded, including partnerships with BWH Hotels, further establishing Mews' foothold in the hospitality sector. Additionally, their acquisition of Atomize and their noteworthy 20% market penetration in the DACH region highlights Mews' aggressive growth strategy.
The timing of this funding is pivotal as the company places a strong emphasis on scaling its operations within the U.S. market, which is among the most dynamic hotel markets globally. Recent achievements include doubling revenue in North America year-over-year, doubling the number of hotel brands using the platform to include forward-thinking names like Lark Hotels and Weekender, and more than doubling the number of rooms and spaces managed through Mews—a clear sign of surpassing some traditional PMS competitors in the U.S.
Mews' focus on investing in research and development aims to accelerate innovation that responds to the evolving needs of today's hospitality landscape. With relentless dedication to technology advancements, Mews is shaping the future of hotel management, providing unparalleled scalability, automation, and operational intelligence for some of the world's most prestigious hotel brands.
Richard Valtr, the founder of Mews, shared his enthusiasm regarding the partnership with Tiger Global, stating, "Tiger Global is an attractive partner for the next chapter of our journey. Their expertise with high-growth technology firms and category leaders in the U.S. is invaluable as we continue to expand our presence, accelerate innovation, and pursue strategic acquisitions. This investment reinforces our commitment to the U.S. market, where we have established strong leadership and invested over $50 million to expand our operations in recent years. We intend to keep investing significantly in this market, underlining our long-term growth and global leadership strategy."
Matt Welle, CEO of Mews, added, "Our vision has always been to redefine hospitality with spaces that put people at the center. This investment brings us closer to achieving that goal. There are vast opportunities for AI to enhance both guest experiences and operational efficiency in an industry rich with data. With Tiger Global's backing, we are excited to ride the wave of innovation at the intersection of hospitality and AI, positioning Mews at the forefront."
Sara Eadie from Tiger Global commented on the collaboration, stating, "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."
As Mews embarks on this ambitious new chapter backed by its recent funding, the hospitality industry will undoubtedly witness the transformative effects of this innovative technology platform aimed at enhancing hotel management in an increasingly competitive landscape.
Topics Business Technology）
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