Mews Secures Major Investment to Cement Industry Leadership and Redefine Hospitality Management
Deal News | Mar 05, 2025 | PR Newswire Cision Mews
Mews, a leading technology platform specialized in the hospitality industry, has announced a significant funding round of $75 million led by Tiger Global, with participation from existing investors such as Kinnevik, Battery Ventures, and Growth Equity at Goldman Sachs Alternatives. This investment aims to accelerate Mews' growth, particularly in the vibrant U.S. market, and to drive platform innovation and strategic acquisitions. In 2024, the company recorded a 50% year-on-year growth, handling over $10 billion in payments and achieving a revenue exceeding $200 million. This latest round of funding will also expedite Mews' R&D initiatives, focusing on AI-driven revenue management features. Notably, the firm has made impactful inroads within Europe and the U.S., doubling its North American revenue and the number of hotel brands using its platform. Key leadership, including Mews' founder Richard Valtr and CEO Matt Welle, emphasize the role of technology and AI in shaping the future of hospitality management, aspiring to offer unparalleled scalability and automation for large hotel brands globally.
Sectors
- Technology
- Hospitality
- Finance
Geography
- United States – The investment is targeted to bolster Mews' growth within the U.S. hospitality market.
- DACH Region – Mews has achieved a significant market presence in countries within the DACH region.
- Global – Mews operates globally, with significant achievements in both Europe's DACH region and North America.
Industry
- Technology – The article discusses Mews as a technology platform with a focus on AI-driven innovations in the hospitality industry.
- Hospitality – Mews operates as a technology provider in the hospitality sector, aiming to redefine hotel and guesthouse management through enhanced systems.
- Finance – The article talks about a substantial investment round backed by global investment entities.
Financials
- 75 million USD – The investment amount provided by Tiger Global to Mews.
- 10 billion USD – The payment volume processed by Mews in 2024.
- 200 million USD – The revenue generated by Mews in 2024.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Mews | Target Company | Company | A leader in hospitality technology offering cloud-based property management systems. |
| Tiger Global | Investor | Company | A prominent global investment firm leading the recent funding round. |
| Kinnevik | Existing Investor | Company | An investment firm participating as an existing investor. |
| Battery Ventures | Existing Investor | Company | An investment firm participating as an existing investor. |
| Goldman Sachs Alternatives | Existing Investor | Company | An investment company involved in the funding round. |
| Richard Valtr | Founder of Mews | Person | Founder of Mews, emphasizing the expansion and strategic prowess in the U.S. market. |
| Matt Welle | CEO of Mews | Person | CEO of Mews, focusing on redefining the hospitality industry with technology. |
| Sara Eadie | Representative of Tiger Global | Person | Commenting on Tiger Global's strategic partnership with Mews. |