Mews, a prominent player in the hospitality technology sector, has secured a substantial investment of £75 million. This funding round was led by Tiger Global, a renowned global investment firm, alongside support from existing investors such as Kinnevik, Battery Ventures, and Growth Equity at Goldman Sachs Alternatives.
This investment will enhance Mews’ position in the hospitality industry, supporting its growth in the U.S. and DACH regions, accelerating its platform innovation with AI-driven revenue management tools, and facilitating strategic acquisitions.
In 2024, Mews experienced impressive global growth, achieving more than 50% year-on-year growth, processing over £10 billion in payment volumes, and generating upwards of £200 million in revenue. The company attracted major clients like BWH Hotels, completed the acquisition of Atomize, and reached a significant 20% market penetration in the DACH region.
The latest funding marks a pivotal acceleration of their expansion in the U.S.—one of the most dynamic hospitality markets in the world. Mews is successfully increasing its market presence across North America, achieving significant milestones.
Mews continues to capture market share and expand its footprint across North America, with recent milestones including:
– 2x revenue in North America year-on-year
– 2x the number of hospitality brands using Mews and welcoming forward-thinking brands, including Lark Hotels, BWH Hotels, and Weekender
– More than doubling the number of rooms and spaces managed via Mews, fast outpacing some of the most established PMS players in the U.S.
Matt Welle, CEO of Mews, stated, “Our vision is to transform hospitality by prioritising people. This investment brings us closer to that goal, leveraging AI to enhance guest experiences and operational efficiency. With Tiger Global’s support, we’re excited to lead innovation at the intersection of hospitality and AI.”
Tiger Global’s Sara Eadie added, “Mews is redefining exceptional guest experiences in hospitality. Our partnership marks a key step as they expand in North America and strengthen their global leadership.”
Eldison Legal represented Mews in this transaction.
Furthermore, recent investments are poised to enhance Mews’ research and development initiatives, driving innovation that meets the changing demands of the modern hospitality sector. By continually investing in technology, Mews is paving the way for the future of hospitality management, providing unmatched scalability, automation, and operational intelligence for leading hospitality brands around the globe.
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