Czech hospitality technology company Mews raises ＄185M in Series C
Prague-based hotel management software provider Mews has raised ＄185 million in a Series C round of funding to accelerate product development. The round was co-led by Kinnevik and Goldman Sachs Asset Management.
- Founded in 2012 by Richard Valtr, Mews develops a cloud-based property management system for hotels, hostels, and apartments that helps simplify operations and automate customer and guest management, manual tasks, payments, and booking management, assisting in streamlining operations for hoteliers and transforming the guest experience.
- Currently, Mews works with companies such as Nordic Choice, Accor, The Social Hub, Les Airelles, Life House, Pandox, and Generator-Freehand. The company serves over 1,700 properties across more than 60 countries.
- The fresh round was led by Swedish industry-focused investment company Kinnevik. In July 2022 Kinnevik financed Ukraine’s YouScan in a $2 million round. The second investor was Goldman Sachs Asset Management that led Series D round for Finland-founded unicorn AlphaSense.
- Revaia, Derive Ventures, Orbit Capital, Battery Ventures, Notion Capital, Salesforce Ventures, Thayer Ventures, and henQ also joined the investment.
“Hoteliers have experienced a lot of challenges over recent years, driving increased demand for cloud-native platforms, like Mews, to help them modernize, improve the guest experience, and create efficiencies through smart automation. With their open architecture and fully integrated payment capabilities, Mews is heavily relied upon as a mission-critical solution,”says Kirk Lepke, Managing Director in the Growth Equity business within Goldman Sachs Asset Management.
- Mews will spend the fresh costs to expand globally and consolidation through its Mews Ventures arm.