Mews Secures $75 Million Investment to Strengthen Hospitality Management Leadership
Mews, an innovative hospitality technology platform, announced a significant milestone by securing an investment of $75 million led by Tiger Global. This strategic financing aims to solidify Mews's position as a frontrunner in the hotel management industry and foster its expansion across the United States and the DACH region (Germany, Austria, and Switzerland).
Founded on the principle of redefining hospitality management, Mews has experienced remarkable global growth, especially in 2024, with projections indicating over 50% year-on-year revenue growth. The company has processed transactions exceeding $10 billion and generated over $200 million in revenue. Notable collaborations include partnerships with leading clients such as BWH Hotels, and Mews’s recent acquisition of Atomize, which enhances its service offerings.
This new round of funding marks a pivotal phase for Mews, particularly focused on driving innovation powered by artificial intelligence (AI). With advanced revenue management capabilities on the horizon, Mews aims to reshape operational efficiency and enhance customer experiences within the hospitality sector.
Tiger Global's investment is crucial in advancing Mews’s strategic goals, as indicated by Mews’s founder Richard Valtr. He emphasized the invaluable experience Tiger Global brings in supporting rapidly growing technology businesses, with references to successful ventures including Toast, Procore, and ServiceTitan. "This partnership will enable us to accelerate our growth, particularly in the US market where we have already established a strong foothold," Valtr stated. Mews has invested over $50 million to bolster its operations in just two years, reinforcing its long-term growth trajectory.
Furthermore, the hospitality landscape is rapidly evolving, and the investment from Tiger Global will enhance Mews's research and development efforts. By continually refining its technological offerings, Mews is committed to delivering unparalleled scalability and operational intelligence to some of the world’s largest hotel brands.
"Our vision is to redefine the hospitality industry with spaces that place people at the heart of operations," said Matt Welle, CEO of Mews. He further elaborated on the transformative potential AI offers to both customer experiences and operational workflows, as Mews plans to leverage insights from the extensive data collection inherent in the industry.
Recent achievements underline Mews’s trajectory in the North American market: their revenue doubled compared to the previous year, the number of hotel brands partnered with Mews also doubled, and the total managed rooms and spaces soared, surpassing even some of the most established Property Management Systems operating in the U.S.
Mews’s ambitions extend beyond mere growth; they envision leading the intersection of hospitality and artificial intelligence, and with Tiger Global’s backing, they are well-poised to do so. Sara Eadie from Tiger Global expressed excitement about the partnership, stating that Mews is effectively redefining exceptional customer experience in the hospitality sector. As Mews continues its expansion in North America and enhances its global market position, the company appears set to revolutionize the dynamics of hotel management.
As the hospitality industry embraces new technologies and innovative practices, Mews ensures that it is at the forefront, ready to take on future challenges and opportunities. The infusion of funds will not only boost Mews's growth but also fortify its commitment to fostering a market-leading position through cutting-edge innovation and comprehensive customer-focused strategies.
Founded on the principle of redefining hospitality management, Mews has experienced remarkable global growth, especially in 2024, with projections indicating over 50% year-on-year revenue growth. The company has processed transactions exceeding $10 billion and generated over $200 million in revenue. Notable collaborations include partnerships with leading clients such as BWH Hotels, and Mews’s recent acquisition of Atomize, which enhances its service offerings.
This new round of funding marks a pivotal phase for Mews, particularly focused on driving innovation powered by artificial intelligence (AI). With advanced revenue management capabilities on the horizon, Mews aims to reshape operational efficiency and enhance customer experiences within the hospitality sector.
Tiger Global's investment is crucial in advancing Mews’s strategic goals, as indicated by Mews’s founder Richard Valtr. He emphasized the invaluable experience Tiger Global brings in supporting rapidly growing technology businesses, with references to successful ventures including Toast, Procore, and ServiceTitan. "This partnership will enable us to accelerate our growth, particularly in the US market where we have already established a strong foothold," Valtr stated. Mews has invested over $50 million to bolster its operations in just two years, reinforcing its long-term growth trajectory.
Furthermore, the hospitality landscape is rapidly evolving, and the investment from Tiger Global will enhance Mews's research and development efforts. By continually refining its technological offerings, Mews is committed to delivering unparalleled scalability and operational intelligence to some of the world’s largest hotel brands.
"Our vision is to redefine the hospitality industry with spaces that place people at the heart of operations," said Matt Welle, CEO of Mews. He further elaborated on the transformative potential AI offers to both customer experiences and operational workflows, as Mews plans to leverage insights from the extensive data collection inherent in the industry.
Recent achievements underline Mews’s trajectory in the North American market: their revenue doubled compared to the previous year, the number of hotel brands partnered with Mews also doubled, and the total managed rooms and spaces soared, surpassing even some of the most established Property Management Systems operating in the U.S.
Mews’s ambitions extend beyond mere growth; they envision leading the intersection of hospitality and artificial intelligence, and with Tiger Global’s backing, they are well-poised to do so. Sara Eadie from Tiger Global expressed excitement about the partnership, stating that Mews is effectively redefining exceptional customer experience in the hospitality sector. As Mews continues its expansion in North America and enhances its global market position, the company appears set to revolutionize the dynamics of hotel management.
As the hospitality industry embraces new technologies and innovative practices, Mews ensures that it is at the forefront, ready to take on future challenges and opportunities. The infusion of funds will not only boost Mews's growth but also fortify its commitment to fostering a market-leading position through cutting-edge innovation and comprehensive customer-focused strategies.
Topics Consumer Technology）
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