Dutch hospitality scale-up Mews secures $75 million in funding.
Hospitality startup Mews, located at TNW City in Amsterdam, has secured $75 million in its latest funding round, marking the third significant investment it has received within the past year. This new round follows a $100 million credit financing in September and a $110 million equity round in March 2024, which propelled the company into unicorn status. Altogether, Mews has raised over $500 million to date, establishing itself as one of the Netherlands’ most well-capitalized scaleups.
Founded in 2012 by Richard Valtr, a former hotelier intent on transforming the hospitality industry, Mews addresses the difficulties many hospitality brands face with digital transformation due to reliance on outdated, on-premise technology, as previously mentioned by Valtr to TNW.
Mews offers a cloud-based platform that assists hotels and other hospitality businesses with various operations, including booking rooms, managing guest check-ins and check-outs, processing payments, and overseeing housekeeping. The platform also features reporting and analytics tools.
The company is capitalizing on ongoing growth in global travel to fuel its expansion efforts. In 2024, Mews reported a 50% increase in year-on-year growth, handling over $10 billion in payment volume and exceeding $200 million in revenue. Additionally, it has completed 12 acquisitions to increase its market presence, with the latest purchases being Sweden’s Atomize, a cloud-based revenue management tool for hotels, and Germany’s HS/3 Hotelsoftware.
Mews intends to continue its acquisition strategy, with plans for up to four purchases in 2025. Backed by new funding, the company is also aiming to expand its operations in the United States. Unsurprisingly, the primary investor in this recent funding round was American investment firm Tiger Global.
“Tiger Global is an ideal partner for the next phase of our journey,” stated Valtr. “Their expertise with fast-growing technology firms and leading industry players in the US, including Toast, Procore, and ServiceTitan, is invaluable as we seek to broaden our reach, enhance innovation, and pursue strategic acquisitions.”
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Dutch hospitality scale-up Mews secures $75 million in funding.
Mews, a member of the TNW community, has secured another round of funding for the scaleup’s "central nervous system" designed for hotels.