Mews, a leading cloud-based platform for the hospitality industry, has announced a major financial boost, securing $100 million from Vista Credit Partners, a strategic credit and financing partner focused on enterprise software, data, and technology. This new funding comes at a crucial time as cloud technology continues to reshape the $15.5 trillion global travel and tourism industry.
The financing will fuel Mews’ expansion and strengthen its mergers and acquisitions (M&A) strategy, which is spearheaded by Mews Ventures, the company’s corporate development arm. To date, Mews Ventures has acquired nine hospitality companies, with plans for further investments in technology and talent to drive innovation in hospitality.
Matt Welle, CEO of Mews, emphasised the human side of the hospitality industry, stating, “Hospitality at its core is a human industry, and we are relentlessly focused on driving cloud technology that empowers staff to disconnect from their screens and focus on their guests. We have a huge opportunity to support the world’s most revolutionary hospitality brands and accelerate their digital transformation.” With this new financing, Mews plans to further invest in both organic and inorganic growth, reshaping how hospitality services are delivered. Welle expressed optimism about the partnership with Vista Credit Partners, noting, “Receiving financing from an experienced enterprise software investor like Vista enables us to expedite our efforts.”
Richard Valtr, Founder of Mews, echoed Welle’s sentiment, highlighting the company’s strong track record in M&A. “The market is ripe for consolidation,” Valtr said. “Having successfully acquired nine companies to date, the funds from Vista Credit Partners further progress our position to continue investing in M&A.”
The last year has seen significant growth for Mews, with the company reaching a valuation of over $1 billion. It now serves over 5,500 customers in 85 countries, including high-profile brands like Strawberry, The Social Hub, and Airelles Collection. North American customer growth has surged by 250% in the past 12 months, and the company now supports over 75,000 hospitality staff users worldwide. In addition to its financial growth, Mews has continued to innovate. New features like AI-driven smart search and the next-generation Mews Kiosk have helped hotels streamline operations, including reducing check-in times by a third.
Amy Mathews, Managing Director at Vista Credit Partners, praised Mews’ role in the rapidly digitising hospitality sector. “The Mews cloud platform helps to automate core operational, business, and payments processes while empowering staff to provide the best possible guest experiences. We’re excited to support Mews as they continue driving transformation across the industry,” she said.
With this new funding, Mews is poised to further accelerate its growth and continue reshaping the global hospitality landscape through cutting-edge technology.
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