Mews Secures $75M Funding for U.S. Expansion and Innovation
Deal News | Mar 04, 2025 | PR Newswire Cision Mews
Mews, a leader in hospitality technology, has announced a significant infusion of capital amounting to $75 million. This funding round was spearheaded by Tiger Global, with contributions from existing backers such as Kinnevik, Battery Ventures, and Growth Equity at Goldman Sachs Alternatives. The capital injection aims to boost Mews' presence in the United States and the DACH region, fortify its market leadership, and accelerate its innovation strategies in AI-powered revenue management. Mews has demonstrated substantial growth, recording a 50% increase year-on-year and handling over $10 billion in payment transactions. This growth has been supported by strategic acquisitions, including the recent acquisition of Atomize, and reaching 20% market penetration in the DACH area. With this new investment, Mews is poised to double its U.S. presence and enhance its R&D efforts to meet evolving hospitality needs, facilitating operational intelligence and scalability. Richard Valtr, the founder of Mews, highlights Tiger Global's strategic role in sustaining the company's trajectory to redefine hospitality through AI advancements, focusing on consistency and significant expansion in the dynamic U.S. market.
Sectors
- Hospitality Technology
- Investment and Venture Capital
Geography
- United States – The focus of Mews' expansion strategy and a key market for its growth.
- DACH Region – A region where Mews has achieved 20% market penetration and plans further expansion.
Industry
- Hospitality Technology – The article focuses on Mews, a hospitality technology platform aiming to revolutionize hotel management with AI solutions.
- Investment and Venture Capital – The article discusses significant investment activity with Tiger Global leading a $75 million funding round for Mews.
Financials
- $75 million – The total funding amount raised by Mews in the most recent investment round.
- $10 billion – The payments volume processed by Mews in a recent year.
- $200 million – Annual revenue generated by Mews.
- $50 million – Amount invested by Mews in the U.S. market for business expansion.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Mews | Target company | Companies | A leading hospitality technology platform specializing in cloud-based property management systems. |
| Tiger Global | Lead investor | Companies | A global investment firm participating actively in Mews' latest funding round. |
| Kinnevik | Investor | Companies | An existing investor supporting Mews in the funding round. |
| Battery Ventures | Investor | Companies | An existing investor in Mews contributing to the recent funding. |
| Growth Equity at Goldman Sachs Alternatives | Investor | Companies | Part of the Goldman Sachs group involved as an existing investor in Mews. |
| Richard Valtr | Founder | People | Founder of Mews, involved in strategic leadership during the growth and expansion phase. |
| Matt Welle | CEO | People | CEO of Mews, steering the company's vision to redefine hospitality through technology. |
| Sara Eadie | Investor representative | People | Representative of Tiger Global highlighting their collaboration with Mews. |
| Katie Halfhead | PR contact | People | Media contact for Mews press inquiries. |