Mews propels hospitality innovation with $75M investment led by Tiger Global

Mews, a leading hospitality technology platform, has raised $75 million in a funding round led by Tiger Global. Other participants include existing investors Kinnevik, Battery Ventures, and Goldman Sachs Alternatives Growth Equity. The investment is a pivotal point for Mews as it aims to expand its footprint in the United States and the DACH region, enhance its platform with AI-driven revenue management capabilities, and pursue strategic acquisitions. Over the past year, Mews experienced significant global growth, with over 50% year-on-year growth, processing more than $10 billion in payments, and generating $200 million in revenue. Notable recent achievements include securing high-profile clients like BWH Hotels, completing the acquisition of Atomize, and achieving a 20% market penetration in the DACH region. With this new funding, Mews plans to double down on its North American expansion, which has already seen revenues double annually and an increased number of hotel brands adopting their platform. The move reaffirms their long-term commitment to leveraging technology and AI to reshape modern hospitality management. Richard Valtr, founder of Mews, and Matt Welle, CEO, highlighted the strategic value and future potential of the investment, seeing Tiger Global's backing as crucial to their strategy of growth and innovation.