Despite the uncertainties in the economy and geopolitics, the desire to travel remains strong among people. In response to this demand, Mews, a unicorn startup from Amsterdam specializing in SaaS platform for hotel management, has secured a new funding round of $75 million. This comes at a pivotal moment for the travel industry, with positive signs of growth and investment in travel startups.
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The funding round was led by Tiger Global, with participation from Kinnevik, Battery Ventures, and Growth Equity at Goldman Sachs Alternatives. Mews CEO, Matt Welle, described the round as opportunistic, driven by a desire to deepen collaboration with Tiger. The current valuation remains undisclosed, but plans for a larger Series-level round are in the pipeline.
Mews has been expanding its reach, with an increasing number of hotels utilizing its platform for management. Revenue has seen significant growth, driven by the addition of new customers and expanded services on the platform. The company’s focus on AI and end-to-end solutions sets it apart in the hospitality market, attracting major brands like Best Western Hotels and driving growth in North America.
