The resurgence of the tourism industry post-Covid-19 has not only brought relief but also spurred a wave of innovation, particularly in the realm of hospitality technology. Among the pioneers in this domain is Mews, a startup dedicated to enhancing hotel management through cutting-edge IT solutions. Riding high on the wave of tourism's resurgence, Mews has recently announced a significant milestone: securing a growth round of $110 million in funding.
Led by Kinnevik, this latest funding round has propelled Mews to a post-money valuation of $1.2 billion, marking a substantial up-round from its previous Series C financing. Despite not yet reaching profitability, Mews has witnessed remarkable growth, boasting a suite of Software-as-a-Service (SaaS) tools catering to both hoteliers and guests alike. These tools encompass various facets of hotel management, from front-desk operations to payment processing, reservations, and housekeeping management.
With an impressive portfolio of over 5,000 hotel customers, including prominent chains like Accor and Generator-Freehand, Mews has cemented its position as a leading provider of hotel tech solutions. Noteworthy is the company's strategic expansion through acquisitions, having integrated eight other startups in the hotel IT space, with a particular focus on achieving economies of scale.
As the hospitality landscape evolves, Mews remains committed to its vision of revolutionizing hotel operations through technology. With a firm foothold in the market and a substantial influx of funding, the company is poised to spearhead innovation in the hotel tech sector. As CEO Matt Welle aptly puts it, Mews stands ready to empower hoteliers worldwide with streamlined operations, paving the way for a more efficient and seamless guest experience.
In an era where investors seek robust and visionary ventures, Mews emerges as a beacon of promise, garnering support from leading names in the investment realm. With a transformative impact on the global travel and tourism industry, Mews exemplifies the power of innovation in shaping the future of hospitality.
