Mews Secures $75 Million Funding for Hotel Management Expansion

Despite an uncertain economic climate, the travel industry appears to be rebounding, evidenced by the recent $75 million funding round secured by Mews, an Amsterdam-founded unicorn offering a SaaS platform for hotel management. This recent round was led by Tiger Global, with participation from previous investors like Battery Ventures and Kinnevik. Mews is leveraging this funding phase opportunistically, as it seeks to expand its hotel management software, which integrates various functionalities, such as booking management, customer loyalty programs, and payment processing tools. With expansion plans backed by strategic acquisitions, such as acquiring Atomize for revenue management, Mews is enhancing its capabilities to deliver end-to-end solutions. CEO Matt Welle emphasized the company's focus on growth, nearing a larger Series-level round in the future while doubling down on artificial intelligence to refine its platform further. Mews' customer base, including Best Western Hotels and other prominent hospitality brands, continues to expand, reflecting the company's competitive positioning amidst formidable players like Oracle and SoftBank-backed Cloudbeds.