Hospitality Technology Solutions Embarks on Global Expansion with $110 Million Funding Boost from Mews

• Mews secures $110 million in funding round for global expansion of its Hospitality Technology Solutions, led by Kinnevik and joined by Revaia, Goldman Sachs Alternatives, Notion Capital, and new investor LGVP.
• The funding round highlights Mews’ impressive growth, with over 60% increase in revenue year-on-year, surpassing $100 million in annualized net revenue, and facilitating over 16 million annual check-ins at hotels worldwide.
• Mews boasts a valuation of $1.2 billion, with a marketplace of over 1,000 integrations and a focus on global expansion, research and development, and acquisitions to empower innovative hospitality organizations in their digital transformation.
• Founded in 2012 by Richard Valtr, Mews manages 350,000 hospitality spaces across 5,000 customers globally, with a mission to revolutionize hotel operations through its cloud-based system and partnerships with leading tech solutions.
• Mews’ recent acquisition of Frontdesk Anywhere in North America aligns with its strategy to automate operations for hoteliers, marking its eighth acquisition and showcasing the company’s commitment to enhancing guest experiences through modern technology.

Mews Secures $110 Million to Expand Hospitality Technology Solutions

In the realm of Hospitality Technology Solutions, Mews has once again made headlines by securing a substantial $110 million in its latest funding round. This injection of capital is set to fuel the global expansion of Mews’ innovative cloud technology solutions tailored specifically for the hospitality industry. With leading investors like Kinnevik, Revaia, Goldman Sachs Alternatives, Notion Capital, and new investor LGVP on board, Mews is gearing up to take its offerings to new heights.

Impressive Growth and Valuation Reinforce Mews’ Position

The $110 million funding round not only speaks volumes about Mews’ trajectory but also boosts the company’s valuation to an impressive $1.2 billion. This valuation is a testament to Mews’ remarkable growth, which includes a remarkable 60% increase in revenue year-on-year, surpassing the $100 million mark in annualized net revenue. Moreover, Mews has experienced a surge in Gross Payment Volume, crossing the $8 billion mark, and has facilitated over 16 million annual check-ins at hotels worldwide. These numbers underscore the widespread adoption and success of Mews’ hospitality technology solutions.

Global Expansion and Strategic Acquisitions on the Horizon

Mews is strategically utilizing this funding to drive its global expansion, intensify research and development efforts, and make strategic acquisitions to enhance its suite of hospitality technology solutions. With a vision to empower forward-thinking hospitality organizations in expediting their digital transformation, Mews is poised to revolutionize hotel operations through its cloud-based system that seamlessly integrates with a vast array of tech solutions. The company currently manages over 350,000 hospitality spaces across 5,000 customers globally, including renowned names like Strawberry Hotels, The Social Hub, and Airelles.

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Founded in 2012 by Richard Valtr, a former hotelier with a vision for industry innovation, Mews has been at the forefront of reshaping hospitality interactions. The company’s cloud-based Hospitality Cloud serves customers in over 85 countries, with a notable clientele that includes Accor and Generator-Freehand. Mews’ recent acquisition of Frontdesk Anywhere, a cloud-based property management system provider, aligns seamlessly with its mission to automate operations for hoteliers and enhance guest experiences through cutting-edge technology.

Mews’ latest funding round marks a significant milestone in the company’s journey to revolutionize hospitality technology solutions on a global scale. With a strong focus on innovation, strategic expansion, and customer-centric offerings, Mews is well-positioned to lead the charge in driving digital transformation within the hospitality industry.