The Hospitality Scaleup Mews, based in TNW City in Amsterdam, secured $ 75 million in its third large cash injection from last year. The round follows an increase in credit financing of $ 100 million in September and an equity round of USD 110 million in March 2024 – when the startup became a unicorn. So far, MEWS has packed over $ 500 million, which is one of the most common from the Cash Flooded Scale-Ups in the Netherlands.
Mews was founded in 2012 by Richard Valtr, a former hotelier, on the mission to change the way in which hotels do business. “Digital transformation is a challenge for many hospitality brands because too many conduct their systems with legacy, on-premise technology,” said Valtr before TNW.
MEWS has built up a cloud-based system that helps hotels and other hospitality companies to do tasks such as booking rooms, to get in and out guests, to process and manage payments. It also offers tools for reporting and analysis.
The company is driving a continued growth of the global journey to promote its expansion. MEWS recorded growth of 50% in 2024 compared to the previous year, with the payment volume of more than $ 10 billion being processed and sales of $ 200 million exceeded. A total of 12 companies are also acquired to swallow market shares. The latest acquisitions include Sweden's Atomize, a cloud-based Revenue Management System for Hotels and the Germany HS/3 Hotels software.
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Mews plans to continue his shopping spree and to discontinue up to four acquisitions in 2025. It has also been requested to expand its presence in the USA. So it is no surprise that the main investor in this recent capital increase was the American investment company Tiger Global.
“Tiger Global is a convincing partner for the next chapter of our trip,” said Valtr. “Your experiences with high -growing technology companies and categories in the United States, including toast, procore and service titan, are invaluable because we further expand our footprint, accelerate innovations and pursue strategic acquisitions.”
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