Mews, the Amsterdam-based hospitality cloud platform, announced $100 million in financing from Vista Credit Partners, the subsidiary of Vista Equity Partners and a strategic credit and financing partner focused on the enterprise software, data, and technology markets. This comes within months of raising $110 million.
The new financing will expedite Mews’ growth and strengthen its M&A program to further establish the company as a market leader. The company’s investment and corporate development arm, Mews Ventures, has acquired nine hospitality companies to date and will continue to invest in technology and teams to accelerate technological transformation across the hospitality industry.
Amy Mathews, Managing Director at Vista Credit Partners, stated, “As an integral property management system for hospitality brands worldwide, the Mews cloud platform helps to automate core operational, business, and payments processes while empowering staff to provide the best possible guest experiences. We are pleased to provide Mews with a flexible capital solution specifically tailored to its ambitious growth plans as the team drives transformation across the rapidly digitising global hospitality sector.”
How was the idea born?
Mews’ idea started in 2012 with Richard Valtr, a former hotelier who witnessed firsthand the limitations of the hospitality industry’s reliance on legacy, on-premise technology. He recognised the need for a cloud-based platform that could streamline operations, enhance guest experiences, and unlock new possibilities. This vision resonated deeply with hoteliers struggling with outdated systems that were clunky, expensive, and unable to adapt to the evolving demands of the digital age.
Richard Valtr, Founder of Mews, commented, “The market is ripe for consolidation. Having successfully acquired nine companies to date, the funds from Vista Credit Partners further progress our position to continue investing in M&A via our investment and corporate development arm, Mews Ventures.”
Growth and innovation
Mews’ journey from a young startup to a unicorn is a testament to its vision, execution, and commitment to building a better future for the hospitality industry. With a valuation of over $1 billion, the company has expanded its customer base to serve over 5,500 customers in 85 countries, including Strawberry, The Social Hub, and Airelles Collection. It has witnessed a 250% surge in its customer base customer in North America in the last 12 months. Also, it surpasses 75,000 hospitality staff platform users worldwide.
All-in-one platform for hoteliers
Mews is designed to simplify and automate all operations for modern hoteliers and their guests. From the booking engine to check-out, from the front desk to revenue management, every process is easier, faster, and more connected.
It has added innovative product functionalities, from its AI-driven smart search to provide users with a context-rich intelligent assistant, to its next-generation Mews Kiosk solution which has seen hotels cut check-in times by a third. On the whole, the company transforms the guest experience and creates more profitable businesses.
“Hospitality at its core is a human industry, and we are relentlessly focused on driving cloud technology which 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 to accelerate their digital transformation,” Matt Welle, CEO of Mews, commented. “Receiving financing from an experienced enterprise software investor, like Vista Credit Partners, enables us to expedite our efforts. By investing in both our organic and inorganic growth, we will completely reshape the way hospitality is delivered.”
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