US: Hospitality technology platform Mews has raised $75 million in a funding round led by Tiger Global, with participation from existing investors Kinnevik, Battery Ventures and Growth Equity at Goldman Sachs Alternatives.Â
The investment will fuel its expansion in the US as well as the DACH region, accelerate AI-powered revenue management solutions and support strategic acquisitions.
Last year, Mews experienced a 50 per cent year-on-year growth, processing over $10 billion in payments and generating $200 million in revenue. The company also expanded its market share in the DACH region, securing 20 per cent penetration, while signing major clients such as BWH Hotels and acquiring Atomize.
Meanwhile, the platform has doubled its number of rooms and space managed in north America, while also achieving year-on-year revenue growth.
Richard Valtr, founder of Mews said: “This investment reaffirms our dedication to the U.S. market, where we have established strong leadership and have invested over $50 million to expand our business in the last couple of years.”
Matt Welle, CEO of Mews, added: “There are so many opportunities for AI to enhance both the guest journey and operational efficiencies in an industry that is so data rich. With Tiger Global’s backing, we’re excited to build on the wave of innovation at the intersection of hospitality and AI, with Mews at the centre of it.”
Sara Eadie at Tiger Global, said: “Mews is redefining what it means to deliver exceptional guest experiences in the hospitality sector and beyond. Our partnership with the Mews team marks an exciting step as they continue to expand in North America and strengthen their global market leadership.”
