TLDR:
• Mews, a hotel management software provider, has reached unicorn status with a $1.2 billion valuation.
• The company has raised $110 million in funding led by Kinnevik, with existing investors Revaia, Goldman Sachs Asset Management, and Notion Capital participating.
Mews, founded by Richard Valtr and now run by Matthijs Welle, focuses on revolutionizing the hotel guest experience through cloud-based software. Valtr’s background in the hotel industry and his desire to create software that he would personally use drove the company’s vision. The product, designed to be flexible and intuitive, has seen significant success, with over 900 employees and $100 million in annual recurring revenue. Mews’ growth in the hospitality tech sector highlights a trend of increasing interest and investment in the industry. The company’s strategic acquisitions and competitive edge against established players like Sabre Hospitality and Oracle Hospitality position them as leaders in the market. As the demand for innovative hospitality tech solutions continues to rise, companies like Mews are reshaping the future of hotel management.
