Mews Closes $185M Series C Funding

Mews, a worldwide hospitality know-how firm, closed its Series C spherical at $185m.

The fairness spherical was led by Kinnevik and the Growth Equity enterprise inside Goldman Sachs Asset Management with participation from Revaia, Derive Ventures and Orbit Capital; and returning traders together with Battery Ventures, Notion Capital, Salesforce Ventures, Thayer Ventures, and henQ.

The firm, which additionally expanded its present debt facility with Columbia Lake Partners, intends to make use of the funds to speed up product innovation, world growth and M&A. This newest spherical brings the whole quantity raised to this point to $225m.

The fundraising caps a yr of serious development for Mews; income is over 174% increased year-over-year and Gross Payment Volume (GPV) elevated 227% year-over-year to $2.3 billion. Customers embody Nordic Choice, Accor, The Social Hub, Les Airelles, Life House, Pandox and Generator-Freehand.

Led by Matthijs Welle, CEO, and Richard Valtr, Founder, Mews gives a hospitality platform to over 3,000 properties in 70 nations. The Mews Hospitality Cloud is designed to streamline operations for contemporary hoteliers, rework the visitor expertise and create extra worthwhile companies. In 2022, the corporate introduced Mews for Salesforce, a local integration between a property administration system and the Salesforce CRM. Mews additionally introduced strategic partnerships with Leading Hotels of the World and Relais & Châteaux. The firm additionally accomplished the acquisition of the POS innovator, Bizzon.

Customers embody Accor, Generator-Freehand, Nordic Choice Hotels, The Social Hub, Life House and Les Airelles.

The firm, which has places of work in Europe, the United States and Australia, additionally launched Mews Ventures, its funding arm with already a number of offers closed and pending.

FinSMEs

15/12/2022

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