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Mews raises $300m Series D funding led by EQT Growth
Yahoo Finance· 2026-01-23 10:50
Core Insights - Mews has raised $300 million in a Series D funding round led by EQT Growth, valuing the company at $2.5 billion [1] - The company reported a 55% increase in SaaS gross profit over the past year, with a customer base of 15,000 across 85 countries [1] - Mews processed 42.3 million reservations in 2025, with a yearly platform transaction volume of $19.7 billion [2] Funding and Investment - The funding round included participation from new investors Atomico and HarbourVest Partners, as well as existing investors Kinnevik, Battery Ventures, and Tiger Global [1] - The new capital will be used to invest in AI systems to automate operations and enhance hotel workflow management [3] - Mews plans to strengthen its fintech offerings and expand its presence in North America, Europe, and new international markets [3] Company Growth and Strategy - Mews has made 14 acquisitions to date, including the recent acquisition of AI analytics platform DataChat [4] - The company aims to create a modern, AI-enabled hospitality operating system to address industry fragmentation [4] - Mews CEO Matt Welle emphasized the company's commitment to rapid growth and innovation in the hospitality technology sector [3]
Mews lands $300M investment to deepen focus on AI
Yahoo Finance· 2026-01-23 09:52
Group 1 - Mews has raised $300 million in a Series D funding round led by EQT Ventures, valuing the company at $2.5 billion, marking the largest funding round in hospitality software history [6] - The total funding raised by Mews amounts to approximately $475 million, including previous rounds from notable investors such as Tiger Global and Goldman Sachs [6] - The new investment will enable Mews to enhance its AI capabilities, automating workflows and improving guest experiences while allowing hoteliers to focus on core hospitality functions [3][4] Group 2 - Mews aims to create an operating system that simplifies hotel operations, allowing for real-time orchestration and revenue optimization without the burden of legacy technology [4] - The company reported 42.3 million checked-in reservations in 2025, with 3.2 million through Mews Kiosks, and generated $537 million in additional revenue for hoteliers via its Mews Spaces software [4] - Mews has a customer base of approximately 15,000, with over 132,000 monthly active hoteliers across 85 countries, indicating strong market validation for its products [5]