Czech-founded, Amsterdam-based unicorn Mews secured new strategic investment, led by New York-based investment firm Tiger Global Management.
👯 Founders: Matt Welle (CEO), Richard Valtr (Founder)
📅 Founding year: 2012
🏭 Industry: Hospitality & AI-driven Property Management
💥 Problem: The hospitality industry lacks advanced AI-driven solutions for revenue management and operational efficiencies.
📣 Solution: Mews provides an innovative hospitality platform leveraging AI to enhance guest experiences and streamline operations.
👥 Customers: Hospitality brands, hotels, and property managers globally, with growing traction in North America.
🌱 Stage: Growth stage, expanding its U.S. presence and global market leadership; Unicorn status achieved in 2024.
💰 Investment amount: €70.34 million, following $100 million in financing last September.
🚀 Funded by: Tiger Global (lead), with participation from Kinnevik, Battery Ventures, and Growth Equity at Goldman Sachs Alternatives.
👁️🗨️ Investor’s perspective:
“Mews is redefining what it means to deliver exceptional guest experiences in the hospitality sector and beyond. Our partnership with the Mews team marks an exciting step as they continue to expand in North America and strengthen their global market leadership,” commented Sara Eadie, Tiger Global.
💡 It will be spent on: AI-powered revenue management, platform innovation, strategic acquisitions, and U.S. market expansion.
💬 In their own words:
“Our vision has always been to redefine hospitality with spaces that put people at the heart, and this investment propels us even closer to achieving that goal.” – Matt Welle, CEO
“Tiger Global is a compelling partner for the next chapter of our journey… This investment reaffirms our dedication to the U.S. market.” – Richard Valtr, Founder
🔑 Business model: SaaS-based hospitality management platform, offering AI-powered revenue management and operational efficiency tools.
👩🏫 Market: Global hospitality industry, with a strong focus on U.S. expansion.
📊 Traction:
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- Twofold revenue growth year over year in North America.
- Doubled the number of hospitality brands using Mews.
- More than doubled the rooms and areas managed on the platform.
📈 Funding so far: €446.38M
