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Published on 05/03/24 – Updated on 05/03/24
Mews, a company offering cloud solutions for the hotel industry, today announced that it has raised $110 million, with the participation of Revaia, Kinnevik and Goldman Sachs Alternatives.
Revaia, a specialist in investing in responsible innovation, had already invested in Mews in its previous round of financing in December 2022. Mews is now valued at 1.2 billion dollars. These new funds will enable Mews to continue its international expansion, finance its research and development, and support its acquisition strategy, with the aim of helping hotel groups with their digital transition.
Founded in 2012 by Richard Valtr, Mews provides cloud solutions for the hotel industry. The platform is currently used by more than 5,000 customers worldwide, including Les Airelles, Accor and Inwood Hotels. In France, Mews is also a partner of Relais & Châteaux, managing over 580 hotels and restaurants.
The stability of the travel sector and the increase in occupancy rates have enabled Mews to enjoy a record year:
Sales grew by 60% worldwide and by more than 50% in France,
The number of French customers using Mews has increased by 200%,
More than 900,000 beds in France are managed via the platform, with more than 750 customers,
Mews has made three acquisitions (Frontdesk Anywhere, Hotello and Nomi), bringing its total number of acquisitions in the hotel sector to eight.
“The hotel industry has long been dominated by traditional systems. With growing demand for modern technology solutions, the sector is now on the cusp of a revolution. Mews is leading this transformation with its cloud platform. The company works with some of the world’s leading hotel brands and has experienced rapid growth in France and internationally since our first investment. We are delighted to continue to support the management team in its next phase of development. – Morgan Kessous, Partner at Revaia
“We are seeing a fundamental shift in the way the big names in hospitality are accelerating their digital transformation and rethinking their business model. This allows us to continue to innovate, and we can count on an outstanding team to do so. In five years’ time, the way brands interact with customers will have completely changed, and Mews will be leading the way.” – Richard Valtr, founder of Mews
“This funding validates not only our vision, but also the dedication of our team, the trust of our customers and the commitment of our investors, without whom we would not be where we are today. The increasing adoption of cutting-edge technologies by hoteliers positions us ideally to help these professionals optimise their operations, maximise their revenues and personalise the customer experience.” – Matthijs Welle, CEO of Mews
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