The new financing round was led by the renowned global investment firm Tiger Global, accompanied by existing investors Kinnevik, Battery Ventures and Growth Equity from Goldman Sachs Alternatives.
Mews has now become a leading technology platform in the hospitality industry. With the current financial injection, the Amsterdam-based software company now wants to drive further development of the platform with AI-supported solutions for revenue management therefore also pushing ahead with strategic acquisitions.
In 2024, Mews doubled its global growth, according to its own figures, achieved a payment volume of over 10 billion dollars and generated revenue of more than 200 million dollars. In addition, Mews won well-known customers such as BWH Hotels, successfully completed the acquisition of Atomize and achieved a market penetration of 20% in the DACH region. In DACH alone, the company now has more than 3,500 customers, which corresponds to an increase of 475% in the last 12 months. Except for BWH Hotels, the company gained further customers such as Lenk Lodge, City Stay and Alpin Family. In May 2024, Mews also acquired the German company HS3 Hotelsoftware.
Dynamic in the USA
The latest financing round marks a key milestone in Mews' expansion strategy, with a particular focus on growth in the US. In North America, Mews doubled already its revenue in 2024 (compared to the previous year), as well as the number of hotel brands leading to the double amount of rooms, and Mews has been rapidly overtaking some of the most established PMS providers in the US.
In addition, the investment will accelerate and drive Mews' research and development work and innovation. Richard Valtr, founder of Mews, said: "Tiger Global is a compelling partner for the next chapter of our journey. Their experience with high-growth companies technology and market leaders in the US, including Toast, Procore and ServiceTitan, is invaluable to us. We have already invested over 50 million USD in recent years. We will continue to the US market invest significant resources in this market."
Matt Welle, CEO of Mews, added: "Our vision has always been to redefine the hotel industry - with spaces that put people at the centre of everything we do. This investment brings us even closer to that goal. The opportunities for AI to improve both the guest journey and operational efficiency in a data-rich industry are enormous." / red
