Netherlands: Hospitality administration cloud platform Mews has introduced that it has secured $100 million in recent funding from Vista Credit score Companions, the subsidiary of Vista Fairness Companions, to speed up mergers and acquisitions [M&A] exercise.
It’s the firm’s newest fundraise, simply six months after receiving $110 million in funding in March – a spherical which secured Mews’ unicorn standing with a $1.2 billion valuation. To this point, Mews has now raised $335 million in funding since its institution in 2012.
The Dutch agency plans to make use of the funding to ramp up its M&A exercise, proceed investing in expertise, and to speed up its technological transformation all through the hospitality business.
Up to now, Mews has acquired 9 corporations by its funding and company improvement arm, Mews Ventures, together with resort administration software program Frontdesk Anyplace in February and US-based hospitality visitor expertise startup Nomi final October.
Mews founder Richard Valtr stated: “The market is ripe for consolidation. Having efficiently acquired 9 corporations thus far, the funds from Vista Credit score Companions additional progress our place to proceed investing in M&A by way of our funding and company improvement arm, Mews Ventures.”
CEO Matthijs Welle stated: “Receiving financing from an skilled enterprise software program investor like Vista Credit score Companions allows us to expedite our efforts. By investing in each our natural and inorganic progress, we’ll fully reshape the way in which hospitality is delivered.
“Hospitality at its core is a human business, and we’re relentlessly centered on driving cloud expertise which empowers employees to disconnect from their screens and concentrate on their friends. We have now an enormous alternative to assist the world’s most revolutionary hospitality manufacturers to speed up their digital transformation,” added Welle.
Over the previous yr, Mews has additionally expanded its buyer base to serve greater than 5,500 shoppers in 85 international locations and achieved the milestone of 75,000 platform customers throughout the worldwide hospitality business.
Amy Mathews, managing director at Vista Credit score Companions, stated: “As an integral property administration system for hospitality manufacturers worldwide, the Mews cloud platform helps to automate core operational, enterprise, and funds processes whereas empowering employees to offer the very best visitor experiences. We’re happy to offer Mews with a versatile capital resolution particularly tailor-made to its bold progress plans because the workforce drives transformation throughout the quickly digitizing international hospitality sector.”
