Mews, an Amsterdam and New York-based hospitality management cloud that empowers the modern hotelier to improve performance, maximize revenue, and provide remarkable guest experiences, announced that it closed $185 million in Series C funding.
The round was led by Kinnevik and the Growth Equity business within Goldman Sachs Asset Management with participation from Revaia, Derive Ventures and Orbit Capital; and returning investors including Battery Ventures, Notion Capital, Salesforce Ventures, Thayer Ventures, and henQ.
Mews also expanded its existing debt facility with Columbia Lake Partners. This latest round brings the total amount raised to date to $225 million. The funding will be used to accelerate product innovation, global expansion, and M&A.
“Our mission is to transform the hospitality industry with cloud solutions that make hospitality more rewarding for everyone,” said Matthijs Welle, CEO of Mews. “This funding will enable the Mews team to accelerate some very ambitious plans in product & engineering, continue our international expansion and ensure we can serve the most forward-thinking hotel owners and operators in the world.”
In 2022, the company announced Mews for Salesforce, the first native integration between a property management system and the Salesforce CRM. It also launched Mews Ventures, the investment arm of Mews. With multiple deals closed and pending, this dedicated M&A team has been formed to fuel growth and innovation for Mews.
Company: Mews Systems B.V.
Raised: $185.0M
Round: Series C
Funding Month: December 2022
Lead Investors: Kinnevik and Goldman Sachs Asset Management
Additional Investors: Revaia, Derive Ventures, Orbit Capital, Battery Ventures, Notion Capital, Salesforce Ventures, Thayer Ventures, and henQ
Company Website: https://www.mews.com/
Software Category: Hotel Management Software
About the Company: Founded in 2022, Mews is a property management system 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. And with the integrated Mews Payments ecosystem, every transaction is secure and seamless. Its mission is to transform an entire industry with cloud solutions that make hospitality more rewarding for everyone. In 2022, the company announced Mews for Salesforce, the first native integration between a property management system and the Salesforce CRM. Mews announced strategic partnerships with Leading Hotels of the World and Relais & Châteaux and was named a Major Player by IDC in their first-ever IDC MarketScape for Worldwide Hospitality Property Management Systems. The company also completed the acquisition of the POS innovator, Bizzon.
Source: https://www.mews.com/en/press/series-c