HBI Staff | Mumbai 
Matt Welle, CEO, and Richard Valtr, Founder, of Mews.
Hospitality cloud solutions provider, Mews, has announced a fresh funding injection of 110 million USD. Led by Kinnevik, an existing investor, alongside Revaia, Goldman Sachs Alternatives, Notion Capital and newcomer LGVP, this latest round brings Mews’ valuation to 1.2 billion USD.
This funding arrives on the heels of a positive year for Mews, marked by significant growth metrics, with a 60% surge in revenue year-on-year, surpassing $100 million in annualised net revenue.
Additionally, the company’s Gross Payment Volume soared to over $8 billion, reflecting the Mews’ current market traction. The company also boasts 16 million annual check-ins worldwide and a marketplace with more than 1,000 integrations with top hospitality technologies. Moreover, the company’s strategic acquisitions, including Frontdesk Anywhere, Hotello, and Nomi, underscore its commitment to expanding its ecosystem and enhancing its offerings.
For some background, Mews founder Richard Valtr conceived the idea in 2012 during his experience as a night receptionist in Prague, Czech Republic. Recognising the industry’s reliance on legacy systems, Valtr set out to address the gap in the market with a cloud-based solution that integrates with a host of other tech platforms. Today, Mews manages over 350,000 hospitality spaces across 5,000 customers globally, including establishments such as Strawberry Hotels, The Social Hub, and Airelles among its clientele.
Commenting on the latest funding round, Valtr emphasised, “We’re witnessing a pivotal transformation in how leading hospitality brands approach digitalisation, reshaping the delivery of hospitality services. With this investment, we remain committed to developing cutting-edge products supported by an exceptional team. In five years, the hospitality landscape will be unrecognisable, with Mews at the forefront of this evolution.”
Matt Welle, Mews’ CEO, echoed Valtr’s sentiment, highlighting the significance of the funding in propelling the company’s mission. “This investment underscores the strength of our vision, the dedication of our team, and the support of our forward-thinking customers and investors. As more hoteliers embrace modern technology, Mews stands poised to streamline operations, drive profitability, and enhance guest experiences,” stated Welle.
Akhil Chainwala, Investment Director at Kinnevik, expressed confidence in Mews’ trajectory, commending the company’s exponential growth and its potential to redefine the hospitality landscape.
Similarly, Alexander Lippert, Managing Director in Growth Equity at Goldman Sachs Asset Management, emphasised Mews’ impact on the hospitality sector, saying as cloud adoption increases in the global travel and tourism industry, Mews’ platform is able to cater to hospitality brands worldwide.
This latest funding round follows Mews’ $185 million investment in December 2022, led by Kinnevik and Goldman Sachs Asset Management’s Growth Equity division, further solidifying the company’s financial standing and growth trajectory.
