The Netherlands: Amsterdam-based hospitality cloud Mews has turn into a unicorn, valued at $1.2 billion following its newest funding spherical of $110 million from present and new traders.
The $110 million funding was led by present investor Kinnevik, alongside Revaia, Goldman Sachs Alternate options, Notion Capital, and new investor LGVP.
Mews plans to make use of the funds for world growth, analysis and growth, and acquisitions.
Richard Valtr, Mews founder, stated: “We’re seeing a elementary shift in the way in which the world’s main hospitality manufacturers are accelerating their digital transformation and reshaping the way in which they ship hospitality. With this increase we are going to proceed to construct industry-leading merchandise with a world-class staff behind us. In 5 years, the way in which that hospitality manufacturers and company work together with one another might be utterly totally different, with Mews main the way in which.”
Matt Welle, CEO of Mews, added, “This funding is a credit score to the power of our imaginative and prescient, the Mews staff, our forward-thinking prospects and dedicated traders who’ve helped us get to the place we’re immediately. As extra hoteliers embrace trendy expertise, now we have an enormous alternative to assist them streamline their operations, construct extra worthwhile companies and ship personalised visitor experiences. Mews is in a novel place to really remodel the {industry}.”
Akhil Chainwala, funding director at Kinnevik, stated: “Matt and Richard are constructing a product and a staff that’s redefining the hospitality {industry}. Within the brief time period since our preliminary funding, Mews has outperformed our expectations because it moved into new geographies and segments. Now, we’re excited to additional again the staff to assist them realise their ambitions and speed up much more shortly – particularly to increase the platform’s mixture of software program and funds. We’re trying ahead to persevering with this journey with Mews and being part of the transformation that’s occurring throughout the {industry}.”
Alexander Lippert, managing director in progress fairness at Goldman Sachs Alternate options, stated: “Mews is making a transformative impression to help among the most modern hospitality manufacturers around the globe as cloud adoption accelerates throughout the $15.5 trillion world journey and tourism {industry}. With the elevated demand for contemporary expertise, Mews and its industry-leading platform is positioned to allow a good wider set of hospitality prospects to remodel their operations, diversify their income and enhance the visitor expertise.”
In December 2022, Mews closed a Sequence C funding spherical of $185 million which on the time introduced the whole quantity raised so far to $225 million.
