Czech unicorn Mews, a hospitality tech platform, announced it has raised $75 million, led by Tiger Global, alongside existing investors Kinnevik, Battery Ventures and Growth Equity at Goldman Sachs Alternatives.
About Mews
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Netherlands-based Mews, founded in 2012 by Richard Valtr, develops a cloud-based property management system for hotels and apartments that helps simplify operations and automate customer and guest management, manual tasks, payments, and booking management.
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The platform assists in streamlining operations for hoteliers and transforming the guest experience.
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Mews, with its cloud-based system, integrates with numerous tech solutions. Currently, it manages over 350,000 hospitality spaces for 5,000 global clients, including the likes of BWH Hotels, Strawberry, The Social Hub and Airelles Collection.
"Our vision has always been to redefine hospitality with spaces that put people at the heart, and this investment propels us even closer to achieving that goal. There are so many opportunities for AI to enhance both the guest journey and operational efficiencies in an industry that is so data rich. With Tiger Global’s backing, we’re excited to build on the wave of innovation at the intersection of hospitality and AI, with Mews at the center of it”, says Matt Welle, CEO of Mews.
Investment details
The round was led by Tiger Global and backed by existing investors Kinnevik, Battery Ventures and Growth Equity at Goldman Sachs Alternatives.
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Tiger Global is a New York-based investment firm pursuing a long-term approach to investing in leading, global public and private companies that leverage technological innovation.
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Tiger Global’s public equity business includes fundamentally oriented long/short, long focused and crossover strategies, targeting investments in high-quality, public growth companies.
The funding will support Mews' expansion in the U.S., strengthening its presence in North America. Additionally, the investment will accelerate Mews’ R&D efforts, fuelling innovation that addresses the evolving needs of the modern hospitality landscape.
A year ago, AIN reported that Mews has raised $110 million in funding led by Kinnevik.
