Mews Expands in France with Quotelo Acquisition
Deal News | Nov 04, 2024 | Battery Ventures

Mews, a prominent figure in hospitality technology, has acquired Quotelo, signifying its first product acquisition in France. This strategic move follows Mews' significant expansion in the region, marked by a 57% increase in its customer base over a year and a new office opening in Paris. Quotelo, founded in 2021, specializes in event hospitality, streamlining processes such as quotations, bookings, and management, thereby enabling hotels to boost revenue from group and MICE events. The acquisition incorporates the entire Quotelo team into Mews' operations, aligning with Mews' mission to enhance hotel sales and catering services. With over 5,500 customers globally, Mews continues its growth trajectory, supported by investors like Goldman Sachs Alternatives and Kinnevik. Quotelo is Mews' tenth acquisition, part of its broader strategy to expand and innovate in the hospitality sector.
Sectors
- Hospitality Technology
- Mergers and Acquisitions
Geography
- France – Quotelo is a French company, and the acquisition marks Mews' first product acquisition in France.
- Global – Mews operates globally with a substantial customer base across 85 countries, highlighting the international scope of its business.
Industry
- Hospitality Technology – The article centers on Mews, a company that offers cloud-based solutions for the hospitality sector, and Quotelo, which automates event management processes.
- Mergers and Acquisitions – The acquisition of Quotelo by Mews indicates a transaction in which Mews is expanding its product offerings and footprint in the French market.
Financials
- $335 million – Total funds raised by Mews from investors including Goldman Sachs Alternatives, Kinnevik, and Revaia for its operations and growth.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Mews | Bidding Company | Company | Mews is a leading platform in hospitality technology, offering a comprehensive cloud-based solution for hoteliers. |
| Quotelo | Target Company | Company | Quotelo is a French start-up that streamlines event hospitality by offering automated solutions for quotations and bookings. |
| Battery Ventures | Investor | Company | Battery Ventures is a private equity firm that invests in Mews, facilitating its growth and acquisitions. |
| Goldman Sachs Alternatives, Kinnevik, Revaia | Investors | Company | These firms are investors in Mews, providing financial backing for its expansion and development strategies. |
| Matt Welle | CEO | People | Matt Welle is the Chief Executive Officer of Mews, overseeing its strategic direction and growth. |
| Tristan Gibausset | Co-CEO and co-founder | People | Tristan Gibausset is the co-CEO and co-founder of Quotelo, a key player in event management automation for hospitality. |