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Hotel software firm Mews raises another $100 million
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Hotel software firm Mews raises another $100 million
Sep 26, 2024 12:41 AM

AMSTERDAM/PRAGUE Sept 26 (Reuters) - Hotel management

software maker Mews said on Thursday it had raised $100 million

in financing from Vista Credit Partners, in Mews' second large

funding round this year, in part to pursue acquisitions.

Mews, founded in 2012, offers software that helps hotels

manage bookings and payments, handle check-ins quickly, adjust

room rates, and manage and sell additional services such as

restaurant meals, conference rooms, parking and tours.

In March it raised $110 million in a round led by investors

including Kinnevik and Goldman Sachs Group ( GS )

that valued the company at $1.2 billion.

It said then that it processes more than $8 billion in

payments annually and was on track for $100 million in annual

revenue.

"The market is ripe for consolidation," founder Richard

Valtr said in a statement on Thursday.

He said Mews had made nine acquisitions previously and it

would use the latest funding to pursue more.

(Reporting by Mehnaz Yasmin in Bengaluru; Editing by Anil

D'Silva and Mark Potter)

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