Dutch hospitality scaleup Mews has raised $75 million in its latest funding round, marking its third significant cash injection within a year. This follows a $100 million credit financing round in September and a $110 million equity round in March 2024, which elevated the startup to unicorn status. To date, Mews has raised over $500 million, positioning it among the most well-funded scaleups in the Netherlands.
Founded in 2012 by Richard Valtr, Mews aims to revolutionize hotel operations. The company has developed a cloud-based system that streamlines various hospitality tasks, including room bookings, guest check-ins and check-outs, payment processing, and housekeeping management. Additionally, it offers tools for reporting and analytics.
The startup is capitalizing on a resurgence in global travel, reporting a 50% year-on-year growth in 2024. Mews processed over $10 billion in payment volume and surpassed $200 million in revenue. It has also made a total of 12 acquisitions, with the most recent being Sweden’s Atomize and Germany’s HS/3 Hotelsoftware.
Looking ahead, Mews plans to pursue up to four additional acquisitions in 2025 and aims to strengthen its presence in the US market. The primary investor in this funding round was American investment firm Tiger Global, known for its investments in high-growth technology companies.
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