GLOBAL – Mews, a hospitality cloud company, has secured US$100 million in financing from Vista Credit Partners, a subsidiary of Vista Equity Partners specializing in enterprise software and technology investments.
This investment follows Mews’ US$110 million Series C funding round in March 2024, which valued the company at US$1.2 billion.
The new financing, structured as a credit facility, will accelerate Mews’ growth further, particularly through strategic acquisitions.
Founded in 2012 by Richard Valtr, Mews has emerged as a prominent player in the hospitality technology sector, offering a cloud-based property management system (PMS) designed to streamline operations and enhance the guest experience.
The company’s platform provides a comprehensive suite of hotel tools, including a booking engine, payments platform, point-of-sale system, check-in kiosks, and various integrations with other hospitality technology solutions.
According to the company, Mews currently serves over 5,500 hotels in 85 countries, with a notable presence among independent hotels and hotel groups like Strawberry, the Social Hub, and Airelles Collection.
The company has experienced significant growth in recent years, particularly in North America, where its customer base has increased by 250% in the past year.
This growth is driven by the increasing adoption of cloud-based solutions within the hospitality industry, as hotels seek to modernize their operations, improve efficiency, and enhance the guest experience.
The investment from Vista Credit Partners will primarily be used to fuel Mews’ ambitious mergers and acquisitions (M&A) strategy.
Mews Ventures, the company’s dedicated M&A arm, has already acquired nine hospitality technology companies, demonstrating its commitment to consolidating the fragmented hotel tech landscape and building a comprehensive suite of solutions for its clients.
This approach allows Mews to rapidly expand its product offerings and market reach, potentially giving it an edge over competitors who are developing solutions organically.
This focus on M&A aligns with a broader trend within the hospitality technology sector, where larger companies are acquiring smaller, specialized providers to expand their offerings and market reach.
The increasing complexity of hotel operations, coupled with the growing demand for integrated solutions, is driving this consolidation.
Hotels are increasingly seeking comprehensive platforms that can manage all aspects of their business, from reservations and guest communications to revenue management and staff scheduling.
Sign up to receive our email newsletters with the latest news updates and insights from Africa and the World HERE
