Amsterdam Hotel Tech Startup Secures $100 Million in Funding

Amsterdam-based hotel technology startup Mews has received a significant boost in its growth trajectory, securing $100 million in credit financing. This funding, provided by Vista Credit Partners, the credit-investing arm of tech-focused private equity firm Vista Equity Partners, will fuel Mews' ambitious plans to acquire competitors and solidify its position as a dominant player in the hotel software market.

Mews has built a cloud-based system that streamlines hotel operations, encompassing tasks like booking rooms, guest check-in and check-out, payment processing, housekeeping management, and providing comprehensive reporting and analytics tools.

Mews' Journey Towards Hotel Industry Dominance

Mews' recent funding comes on the heels of its $110 million Series D funding round, which valued the company at $1 billion, catapulting it into the prestigious unicorn club. This demonstrates the strong confidence investors have in Mews' potential to revolutionize the hospitality industry.

Mews has already made nine strategic acquisitions, including notable names like HS3 Hotelsoftware, Frontdesk Anywhere, Hotello, and Nomi.

This aggressive acquisition strategy is a key element of Mews' growth strategy, allowing them to rapidly expand their customer base and market share.

The Power of Consolidation in the Hotel Tech Landscape

Mews founder Richard Valtr emphasizes the strategic importance of consolidation in the hotel technology market. The new funding will be used to further invest in M&A through Mews Ventures, their dedicated investment and corporate development arm.

Valtr, a former hotelier, believes that traditional hotel management systems are often outdated and inefficient. Mews is committed to providing a modern, cloud-based solution that helps hotels optimize operations and enhance guest experiences.

Mews' Success Story: Growth & Impact

Mews' impressive growth trajectory is evidenced by its revenue increase of over 60% year-on-year. The company boasts a global footprint with 5,500 customers in 85 countries, primarily independent hotel companies.

Mews' innovative approach to hotel management has made a significant impact on the industry, helping hotels improve operational efficiency, enhance guest satisfaction, and achieve greater financial success.

Mews' Vision: Shaping the Future of Hotel Technology

Mews is poised to become a leading force in the hotel technology space, driven by its commitment to innovation, strategic acquisitions, and a customer-centric approach. With its robust platform, expanding customer base, and strong financial backing, Mews is well positioned to shape the future of hotel technology.

Mews' vision is to empower hotels to leverage technology and streamline operations, enabling them to provide exceptional guest experiences and drive growth in a competitive market.

Mews' Impact on the Hotel Industry

Mews' success has a significant impact on the hotel industry. It is providing hotels with the tools and resources they need to thrive in the digital age. By simplifying operations, improving guest experiences, and driving revenue growth, Mews is empowering hotels to achieve their full potential.

Mews' focus on innovation and customer satisfaction is driving a shift towards modern, cloud-based solutions in the hotel industry.