Mews raises $110m to accelerate cloud technology in hospitality
Mews announces $1.2bn valuation as it further expedites global expansion, product growth and its acquisition strategy
Mews, the industry-leading hospitality cloud, has announced that it is raising fresh funding of $110m. The round is led by existing investor Kinnevik, alongside Revaia, Goldman Sachs Alternatives, Notion Capital and new investor LGVP. The new funding values the company at $1.2bn.
Key takeaways
- The funding follows a year of significant growth, with over 60% increase in revenue year-on-year, crossing $100m in annualized net revenue;
- Three new acquisitions (Frontdesk Anywhere, Hotello and Nomi), taking the total number of hospitality companies acquired by Mews to eight;
- The new funding will see Mews prioritize its global expansion, research and development, and acquisitions, enabling the world’s most innovative hospitality organizations to accelerate their digital transformation.
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